Most tired landlords like the monthly and tax benefits of spreading out the gain over time but are tired of the tenant headaches. 

Yes i will need to adjust to this.

There are so many benefits to having a membership including calculators to analyze deals, member searches and you can replay all the webinars they have done as well!

You also consolidate maintenance and repairs, bill paying, payroll etc.One other advantage is an ability to generate "active" income via the PM company and create retirement plans, benefits, SS credits etc.

Not enough equity The benefit w/ heloc.

The big stuff seems OK.There are a couple minor things that stand out to me: The hot water tank ventilation is wrong and needs adjusted, minor fix.  

What benefit would having a GC license provide?

The benefit of using a GC is that the various subcontractors are going to prioritize the GC's work because they feed them a lot of business during the year. 

Will you try to look at her side as well and make any adjustments or compromises?

Sometimes the rates are adjustable, sometimes they are higher rates, sometimes these are 15 or 20 year loans....and often they are all three of these.