Creating an LLC and getting insurance on rental are two methods of "Asset Protection" that most real estate investors use to protect themselves and their assets. 

All methods are achievable with the right knowledge and mindset.

Security investigated to find the renters still at our house.

I position my inspections as 'planning for future repairs/improvements' which mitigates that whole 'he's here to get my security deposit' mindset.And, I would rather have the tenant with me than to have him later claim that something was broken during the inspection.  

By negotiating a significant discount, buyers can secure great deals while meeting the seller's urgent need to close the sale.

Which one is more appealing - continuing to own the house or the security of that much cash/liquidity?

If I have no mortgage the cash flow is more secure.

Hey Cecil, if you have the capital to operate locally, and it fits your goals to do so, I highly recommend doing that.Congrats on securing your primary though.

Best approach is to have your "team" set, before going out to secure properties. 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.