Shapely defines a Polygon as invalid if any of its segments intersect, including segments that are colinear. Many software packages will create a region or area with a \"cut
I found a solution that works for the specific case given:
>>> pp2 = pp.buffer(0)
>>> pp2.is_valid
True
>>> pp2.exterior.coords[:]
[(0.0, 0.0), (0.0, 3.0), (3.0, 3.0), (3.0, 0.0), (2.0, 0.0), (0.0, 0.0)]
>>> pp2.interiors[0].coords[:]
[(2.0, 1.0), (2.0, 2.0), (1.0, 2.0), (1.0, 1.0), (2.0, 1.0)]