Keep cash in hand to cover your period of concern.  1 year up to 5 years.4.  

Since you have no debt, you can weather a period of vacancy pretty easily.  

Negotiate longer lease period with purchase option. 

Long-Term Wealth Building: Holding onto the property can contribute to building long-term wealth through both appreciation and rental income.Cons of Renting: Property Management: They’ll need to manage tenants, handle maintenance, and deal with potential vacancy periods.

You have to give a time period for him to fix or "cure" these violations.

We are wondering what would be the best option to do with the property during this 6-7 month period, whether that be Airbnb or what other short term rental options might there be that could make more sense?

The fund could essentially pay no preferred return/dividends to the LPs (Class A Members) during the holding period and then upon a Capital Transaction the GP (Class B Members) would still be entitled to receive 30% of the distributions, simply after returning the LPs initial capital contributions.

During that 7-year time period, the median number of sales per year was 1259, about the same as in 2024.

The redemption period in my state is 90 days, not three years.

For the 10 year period spanning December 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.4% in that period.