I personally have shifted to purchasing homes for Airbnb/Vrbo short term rental usage to achieve cashflow while benefiting from the appreciation in this market.

Keep the properties you've got until the market shifts and you know (with reasonable certainty) that it makes sense to reinvest in another asset that will accelerate your growth.It's not very often that I hear an investor say, "Gee, I wish I would have sold that house ten years ago."

Austin also seems to have an abundance of opportunities because their more of city on the rise, plus the market is seeming to shift drastically so their may be a higher chance of acquiring a multifamily to househack using creative finance rather than a bank.

But the premise is that, I being a responsible and code abiding investor will take over liabilities to the city so that all responsibilities will be shifted over to me.

Is there any way we can shift our liability for this rental away from us personally and towards our LLC via some sort of a contract between us and the LLC?  

So my approach has somewhat shifted over the least couple of months.

You have to work really hard to find the unicorn that still cashflows, you have to wait until the numbers change and start to work again, or you need to shift to another strategy.

I would shift focus to the OOS market for now.

We have a few rentals in NY where we live but now shifting our focus out of state for obvious reasons.

And the management fees can allow a sponsor to "keep the lights on" versus a sponsor that has shifted all compensation to profits.Also, the 50% investor/50% sponsor split is extremely uncompetitive versus other options.