I use the analogy it’s like a marriage.  

Also, I'm not entirely sure from reading the post whether the assets are separate property or community property and just only one of you is on title, but even though you live in California which is a community property state, you can still have separate property within your marriage. 

@Andrew PerkinsYou are in a marriage.

Hard money and buy and hold are not the best marriage.

so many possibilities.If she is not on the LLC as an owner, she should be OK, although, if You are sued, the strain on your marriage may end in divorce anyway.

Congratulations on your recent marriage. 

Then I got lucky to marry someone like minded (and I recall the Millionaire Next Door (great book) also found that having a good "defense" or saving money was a key, common theme of the high net worth accumulators of wealth in the US)...Back to the question, I saved some money, but then I did not just bury it in the back yard (where you actually lose money due to inflation, or even put it in a savings account which also loses money relative to inflation), but I read Peter Lynch, Warren Buffett, John Bogle and put what little I saved (and we saved post marriage) into quality stocks and index funds...

The clients (who are not married, but live together and are buying the house together) were told they HAVE to do an FHA loan. They wanted a conventional loan, and qualified for a conventional loan from a different len...

Finding investments that fit your lifestyle and marriage is key....maybe just a single family with an accessory is a baby step to see the rent checks coming in...

We also own a rental townhouse (with positive cash flow, but no substantial equity) it was my pre-marriage home.