The Inland properties boast pretty decent weighted average ARR's on their past properties, with a total average of 6.72%.

Sounds like you are feeding into pipe dreams.

For more info, my family is in the middle class and are working through the typical American Dream.

The only shot they got, it would have to be decentralized of any 1 of there governments, decentralized of any one of there currencies, decentralized of any one of there controls, and thus backed, back by something of unifying power, weight and importance that transcends religion, region, culture.     

If you find out what their dreams are, perhaps refinancing can align with those dreams if you position it the right way?

Re-invest with more of a reserve in a better market, and understand you may not have the quantity or "doors" you are dreaming on your vision board.

And if they like electricity then their dream came true!

Those memos do not hold authoratative weight but shows the IRS’ thoughts!

Maybe, maybe notYou have to weight the pros / cons along with the risks.Your BP mentions you are 'new to real estate'.You are getting into a new asset class along with a business(I consider a STR more of a business than an investment).How much will you save in taxes?

So I am familiar with soflo.One strategy I am trying to implement is The 4-3-2-1 Strategy:Start with a 4-unit property: Live in one unit, rent out the others to cover your mortgage and expenses.Repeat with 3-unit, 2-unit, and attain your dream home last (1 unit property)After 12 months of living in each property, consider a cash out refinance to use equity for improvements or further investments, if beneficial for you.Build a real estate portfolio of 10 rental units in a 3 year span while generating rental income.