You protect your assets by buying a landlord insurance policy, which comes with dwelling plus liability coverage. 

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

The best strategy I seem to have deployed so far was to contact all my current tenants and let them know I’d give them a cash referral fee of $250 for anyone they recommend to me that goes through the vetting process and successfully moves in.

Which means I'm evaluating the possible exit strategies for a long-term hold. 

you may have to save up until you have enough money to do so - down payment, closing costs, reserves, etc.House Hacking: What Is It, How to Start, and Strategies for Successit's a more powerful way to get started. 

You payment is $2,600 plus tax and insurance.

You also don't need to do a traditional long term strategy, is there a draw the  area that playing host to a traveling nurse or other professional/student would be interested? 

Be sure to hold a hefty reserve to handle on-going maintenance, capex, taxes, and insurance.

We also recently got notice from our home Insurance that they are cancelling our policy because of exposed wires discovered by their inspector.

I'm looking to lessen the load of work and concentrate on my exit strategy sometime within the next 10 years if not sooner.