The Hot Luck Austin sign shines at Franklin Barbecue at the 2017 festival. (Photo ©Gary Jacobson/Texas BBQ Posse) Hot Luck, a food and music festival in Austin, is preparing for its second run in May. And in the festival business, as James Moody, one of Hot Luck’s founders, was saying, you’re supposed to lose money year one, break even year two and make money year three. Moody and Aaron Franklin, another founder, say Hot Luck broke even — broadly speaking — last year, its first. “So, you’re ahead of the game?” I asked Moody at a recent party for the…