The business is still active; however, I'm not ordering any new inventory and plan on stopping operations when all my current inventory is sold.

I've had a "shell" of a website up for quite a while now and I hem and haw about completing the project so it is fully operational, mostly because I'm questioning its true value. 

I know it can burn when you have a totally baseless case filed against your llc, because you'll obviously have to shell out the $$ for your attorney to defend the llc, money that you'll never recoup, but its necessary and really shines light on the ability of your operation to scale itself.As to needing to be licensed - I know W-2 employees don't need a license for brokerage activities concerning properties owned by their employer.

It’s a little bit smaller of an operation in comparison to some of the others in town but Lexi takes good care of her properties and is very responsive.

Find the ones in the drive-able distance that generate a large audience and go to them.

I am blessed to have a wife that is right along side of me and knows the real estate investment world as well if not better than myself, she is certainly the brains of the operation, but also serves as a secret weapon. 

I'm in NY and insurance companies licensed to operate in NY may not be licensed where you are.Also, I own rentals and engaged in several other businesses, and it's best to know and use an experienced insurance broker in your area, preferably a local one.I once bought a business for someone who had his business in an S Corp., didn't realized when his business get sued, lawyers normally sue the entity and the owner personally as well.

passed own through the generations..  

It has been suggested to me that good leads are obtained using Flip Comp and I'm not sure my dollars are being spent in the best place to generate leads. 

The Rentals are generating passive income not subject to SE tax, the Flips will generate Ordinary income subject to SE tax.