But there will be ZERO protection.

If you plan to invest in multiple states or require advanced asset protection, consult a CPA or attorney to explore options like a holding company structure.

These policies focus primarily on providing coverage for the physical structure of the property.There are three main types of DP policies:DP-1 (Basic Form): A DP-1 policy offers the most basic coverage, protecting the dwelling against named perils such as fire, lightning, and explosions.

Gives you double protection if something breaks from a direct booking and triple protection from a guest coming in through an OTA.

As you can never truly be protected other than making sure it's in the contract with your GC who is doing the project.  

How can I structure this deal to protect my interests?

This is crucial for keeping your finances organized and protecting your LLC’s liability status.Here are some questions to ask when choosing a bank:Fees and Minimum BalancesDo they charge monthly maintenance fees?

DTI < 33%I've been constantly getting advised by my real estate agent (& i've discussed this with multiple agents) that if I add any contingencies to the offer, it won't stand a chance in the bay area market.If that is the case, how do I protect myself from challenges which could be found during home inspection / pest inspection related contingencies?

What are some ways I can verify that tenants are protected throughout the entire lease? 

Increasing it to at least $500K to $1M ensures better protection.