Those pictures protected us when the guest contested the charges.

If it’s in an LLCs name it s protected if maintained correctly.  

How can I best protect the seller as well as myself?

It could provide the belief that an unpermitted unit built next month will get protected.  

This ensures that when the borrower exits, the title company is aware of the JV agreement, further protecting the investor’s interests.I’m just blown away at how hard it is to find people to do this since it quite honestly is a solid deal with the ins-and-outs planned out already. 

They are my favorite, because they are cheap and snap together higher, which better protects from splashing water.

If you added in the cash you should have to protect against contingencies, the actual return goes down (or the risk sykrockets, your choice)- If the $300K properties cashflow, definitely a better bet. 

You should always protect your position, make sure everything is in writing, and don’t hesitate to explore the full value of your deals by marketing to other buyers.

There's no way to guarantee things won't break, there are only ways to protect yourself financially so you can replace those items.

Airbnb offers $3M damage protection insurance (AirCover) if guests don't pay for the damages they cause, and $1M liability insurance if a guest gets hurt or their belongings are stolen.That being said, I too do not allow instant booking or most last-minute long-term bookings out of nowhere.