I am trying to incorporate an LLC into my real estate investing activities to provide added protection. 

I am trying to protect against an accident for a guest, and a major catastrophic event (like accidental fire from a guest) thanks!

If he finds something, you may need a Phase II which involves soil samples.Both of these protect you, so even if not required, unless seller recently did them and gives them to you, I'd get them.This assumes you went to your planning agency and your use passes muster with them and the approval process is not protracted (do you need approval from surrounding properties).  

I now have a 15+ page move in / move out list itemiing everything and take about a hundred photos to protect the business.

Not only will filing as an LLC award investors with great tax benefits and asset protection, but each subsequent LLC will provide another layer of protection.

They will put 10% to protect the hard money lender, but the note will only be written with 3.5% down and the other 6.5% held in escrow to protect the hard money lender.

Should this building be Parcelled to protect myself and my investment?

This 2x LLC structure with some umbrella insurance is quite common and gives most people all the legal protection you would need as a real estate investor.

While you are correct, the reality is in Texas a landlord has very little chance of collecting due to our Homestead protections. 

If you don't have significant other assets to protect, it's just extra cost and work.