Know that there is still strong demand for Austin housing and that prices are still considerably higher than just a few years ago.

It seems the most likely issue is simply having your personal names as the deed holder listed in a complaint although again, based on what you shared about your sound operations your insurance should cover any claims that would arise since you wouldn’t be triggering any coverage exclusions.

have you thought about changing and are waiting to pull the trigger? 

If they do not match the only other consideration if it is available is to do the Roth 401K option. 

Any thoughts and considerations would be greatly appreciated. 

This is because loss of rents/income is almost always triggered by a "covered" peril (aka covered cause of loss). 

By "positioned" I mean - ready to pull the trigger when the right deal comes along.  

Depending on which brokerage you use, you could possibly borrower against your securities holdings with a line of credit (similar to a margin loan) if it's not a retirement account. 30-35% of the balance would likely be within reach, but make sure you FULLY understand margin calls and when they would trigger.

But I can still use an FHA loan and then transfer the property for $1 to obtain maximum protections of an LLC with maximum leverage.They are told this can trigger due on sale clause and will still will be paying transfer taxes based on the properties assessed value + deed prep, recording and misc. title expenses.

There are other considerations that may still make it impossible to permit the construction of the building even  if the by-right use permit is obtained and its important to have an architect closely examine how the proposed floor plans will layout to confirm egress &  bedroom windows + localized zoning overlays along with a  number of other factors.