Since you all are emotionally involved I'd get a full picture from the numbers perspective to aid you all in making a decision one way or the other. 

This step involves casting a wide net to gather a diverse pool of potential sponsors.

I am currently involved with a simple single-family rehab adjacent to a larger ground up project.

We have been actively involved with the entitlement side of multi-family investing. 

I am involved in my first large deal with a silent partner. 

Since my strategy would definitely involve house hacking, I was thinking about house hacking with a mixed-use property.It could be interesting to evaluate as a strategy, but only if I can access financing with a low downpayment.How would that work from a financing standpoint?

Yes, your parents can take out a HELOC on their paid-off home to help fund your BRRRR, but it’s smart to have a contract in place to outline repayment terms and protect everyone involved.

I am also very involved in reviewing proposals, selecting subs, design, etc. 

On the company: we have all been involved in real estate for years, some of us for decades.

People that tell you it’s dangerous may be hanging with the wrong crowd, or involved with different circles or stuck in some time warp.