This question is a bit of both.You need at least one limited liability entity to do your investing.

I have substantial equity in the properties; in fact, our Current ratio (Assets/Liabilities) is 2:1 which should be considered very healthy.Has anyone had this problem in the past?

are your contractors licensed and insured with general liability and work comp and MHIC ?

One peculiarity of hazard and liability insurance is a NOO property cannot be vacant for over 60 days, and when an SFR tenant moves, I got to have someone else in within 60 days.

She said when I bought liability insurance for my businesses through her, she always got an endorsement that covers me because litigants always go after the owners.

I’d worry about them not leaving, leaving a mess, liability, insurance, etc. 100 reasons to not do it, and the only one reason to do it is to make their life easier!

It might be Sch B, C, D, E, or F depending on what exactly the SMLLC does.You may still have an obligation at the state level for Tennessee's Franchise & Excise tax (and have the $100 minimum franchise tax liability).Best of luck. 

Makes it tough to argue and saves you from liability! 

Since you know with wholesaling, when you write out your contract, ensure that their is an assignment contract and that you add a clause that allows you to get out of the contract should you not be able to assign a cash buyer and remove your liability. 

@Billy Jemial Miller I've heard that people generally separate flips from their rental portfolio (ie separate entities) for liability purposes and asset protection.