When they book through Airbnb, you have some protection/insurance through Airbnb to protect you if things go wrong (although I know many people have had issues when that actually happens).

Zoning Ordinances are often not ‘black and white’ and municipalities will protect themselves or be persuaded by the public when making decisions. 

Tenant Relationships and Legal Considerations Impact: Rent control laws often come with increased tenant protections and legal requirements that landlords must follow, such as eviction restrictions and rent increase caps.

I don’t feel like it offers any protection if the contractor did something wrong with the installation.

The question I have is have any of you rented out a property with a pool and if so what safeguards should I have in place to protect my myself?

If closer to the latter, the entire business plan can be at risk and it would very likely need immediate adjusting in a way that best protects investor capital.

Do I need additional projections and insurance to protect my assests or will I be covered by my LLC. 

It is best to collect the monies needed to protect yourself and your investment.

I strongly suggest you have an attorney draw up the contracts (and one has who has already done this many times, as they will already have templates they use).At the minimum, a lender need a Mortgage but I would also recommend for more protection, a lender will want a JV agreement, promissory, personal guarantee and if possible, to have the deal cross-collateralized with another property. 

It's called something else that I can't recall at the moment, but they'll know and be able to guide you in the right direction.Since there is a large amount of equity in the rental home, just be sure that your new HOI policy has good coverage and possibly think about an Umbrella Policy or additional insurance coverage to "protect you" vs. trying to reinvent the wheel and forming an LLC just for the one property.SD