Together, we have over $200K (mostly in stock market investments), and our parents may help with the down payment.

With the hold periods on BRRRRs nowadays, your margins will get crushed with hard money interest payments/points/fees. 

Traveling in Malta and now in Florence Italy for new years.  About an 8 hour time difference but our alarm systems are 24/7.  Got an alarm the other night.  Called our local sheriff department.  They called back about...

Paint, Plumbing, Roof, Flooring, appliances.B- neighborhood.55,750 down payment + 20k in repairs.  75750 all in.Median rent for the neighborhood is 2k.532 cash flow.I already asked them to drop the price by 15k for us to remain in the deal. 

If you don't want that, I would sell it or put it into storage (which may not be financially feasible), but long-term renters are hard on furniture that is not theirs. 

I am thinking about taking out 5 to 10% to fund a down payment on my next live in multifamily house hack.

Bank pushed us to 40% down payment so also executed a $85K seller carry-back loan to cross the finish line.

There's no reason to provide details, though I do let people know if anyone asks that we do not accept bulk up-front rent payments or anything like that because I absolutely do not want a prospective tenant to think that someone else swooped in with a bunch of cash last minute.

Doing this would allow me to cut my down payments in half. 

In addition this fire storm started when payments stopped or payments were returned to the bank NSF.