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.

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.

Quote from @Bryce Markey: Don't get involved in personal matters.

@Basit Siddiqi true. the other side of the coin is with rehab situations sometimes there are issues with the property that prevent lenders from getting involved.

Personally, I wouldn't totally disagree, but it is very much in the eyes of the beholder what "nice place to live" means.Based on your post, I would assume you are getting requests because you are a new landlord (maybe the old one was not a kind person, so tenants chose not to make any requests) and that you are asking them to pay more rent for a unit that is likely in worse condition than when they moved in.So now, you can either tell them no, or you can accommodate and potentially open up pandoras box of setting expectations that you will cater to all requests all the time, or as noted, you can remove yourself from the equation and hire a PM to handle the requests.  

“The ability to attend to a task and stick to long-term goals is the greatest predictor of success, greater than academic achievement, extracurricular involvement, test scores, and IQ.

Things I would ask them:What is your involvement in your own deals, day in and day out?  

However, keep in mind that this arrangement may require more involvement from you, especially when it comes to marketing and selling the property.If you're exploring specific markets, I’d recommend looking into areas with strong demand for new homes.

*Rendering of Waterside Development*Brookfield is ahead of some other developers in the area, already well into it’s Halley Rise development, which delivered it’s first phase of buildings in 2022, and at completion in 2026 will have brought 1.5 million square feet of office space, 250,000 square feet of retail, 5 acres of public open space, and new public streets and infrastructure, also just outside the Reston Town Center Metro.Source: Chuck Kuhn Set To Buy Long-Stalled 225-Acre Loudoun Development SiteSource: Exclusive: Chuck Kuhn has deal to buy massive Silver Line development siteSource: Sterling quarry would become lake in waterside developmentSource: Rivana Developers Eye Construction in Early 2024Source: Halley Rise Project Remains on Schedule in RestoThanks for reading my thesis on Reston Virginia.