After I posted this I spoke with two real estate attorneys AND my accountant who confirmed what the two of you said and added some points: The  LLC adds a layer of protection, one attorney did bring up that an LLC does not protect the landlord against liability for lead paint (the vast majority of homes here are pre-1978).

@Guy YoesHaving your management company the owner of the property weaken your asset protection.

What kinds of things do you do to protect yourself on a house with a pool that is a long term rental?

The commercial liability (or umbrella policy if you have less than 4 properties) is the overarching policy that coordinates gaps in all other insurance policy to give you greater protection.  

Make sure you are only choosing based on approval criteria and not any protected classes.

Aloha @David Dong,   I would contact the Hawaii DCCA - Consumer Protection Office at eight o eight five eight six two six three four to get some guidance and ensure you don't violate any Hawaii Laws in securing your property and handling the tenants deposit. 

I don't know what I need to do to legally protect myself and I certainly don't want to be in a potential squatter situation. 

I can now buy a property anywhere and remotely control almost every aspect of it to protect it or even rent the apts out without necessarily being there, by opening locks remotely, etc.Something to think about!

Greater consumer protection has been achieved by Property Code Section 5.061, the SAFE Act, and Dodd-Frank, but these measures have also had the effect of raising closing costs, particularly if an RMLO intermediary agent is involved.

A one year lease protects the tenant not the LL.