As this is tangential to real esate investing, you might run into some Noters at a local REIA meetup or in some of the Alternative Investment Strategy Facebook groups out there. 

Why can't you seek alternative sources rather than risking the relationship with your daughter and your grandchild?

Alternatively you might look for an experienced investor to partner with on the first deal. 

Alternatively, do we need to set up an LLC and purchase the rental through the LLC?

You should also consider the Private Lending space as an alternative to this approach, which is a LOT more passive, and can generate exceptional returns with a secured asset as collateral.

I am in the process of selling an older, somewhat run down Victorian-style house. I, of course, want to make the most that I can off the sale and while I am eager to invest in more properties, the town in which I live...

Guests are coming back, and we have alternative solutions for all of our clients and ourselves.

It’s unbelievable how much revenue tourists bring to our city in the summer and those tourists are only now slowly returning.

As a side note, I'm a middle market multifamily guy...but talk to owners in my market all the time following the program having great success...managing 100+ doors all on that modelAlways great to have an alternate worst case scenario plan..in case your municipality does away with STRs...If the City of Boca Raton allowed them, I'd acquire way more deals..

Alternatively you can 'condo' the two family into independent units so valuation is higher for the cash out refi as long as you're OK not having a ton of cash flow but more cash in your pocket.