cash out refi on STR??

[Sama Pa]

More STR newbie questions. Stay with me. Debating going down my usual LTR route with some remaining capital to BRRR it vs buying an STR with 10% down as a second home and building more cash flow. I've read the heck out of these forums and am missing something. Once I place my money in the STR that was bought as a second home I can not easily cash out refi? atleast not for a couple of years until market appreciation occurs. Am I getting that right?

how do people decide between brrr and str? If both are getting me 30k in cash flow a year but with BRRR I can pull my money out and reuse (and force appreciate potentially) what is the allure to STR which is more maintenance heavy? Thank you for helping me understand