If you need assistance with eyes on the ground, resources or companies to work with, my suggestion would be to get on here and be transparent just like you were with this post. 

In my eyes, this project is as risky as it gets, even though the borrower was also a real estate agent that was waiving the listing side of the commission.

This can protect your other investments should you have a loss in one.

Once you’ve built enough equity, refinance and pull cash out to acquire more properties.Leverage Knowledge: Learn about tax benefits, depreciation, and using LLCs to protect your assets as you grow your portfolio.If I were your age, I would’ve networked more with real estate investors early on and diversified faster.

Don't have to be on the deed even to declare it your homestead.It may be splitting hairs, and I may have been unclear in my initial post, but I believe homestead laws are designed in part to protect non-title holding spouses, so if the new wife moves into her husband's house he cannot sell or mortgage without the wife's consent nor can it be forced to be sold to pay involuntary creditors (as opposed to voluntary creditors such as mtg/DOT lenders). 

Keep an eye on how other listings in your area are performing over the next few weeks.Presentation: Since you’ve had a few showings but no serious offers, it might be worth reviewing the presentation of the home.

Yes but we registeed to bid at the auction to ensure our amount is protected. 

If the numbers work, I think it makes sense to do it while you are still there, learn, build systems, have a handyman, and then have your parents be your eyes and ears, not a PM.

I am looking for help with entity structure, asset protection, and estate planning.

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.