@Rebecca GonaBigger Pockets is a great place to find a tax accountant that specializes in short-term rentals. 

So all of the gain and depreciation recapture are initially still tax deferred.However, like Joe said, the down side is later when sold  you lose the 1031 option. the client will pay tax on all gain and depreciation recaptured from before the 1031 also. 

Sell, get the tax savings while you can.

Areas near oil production hubs could experience economic booms, creating localized opportunities for real estate investments.Beyond these broader economic initiatives, Bessent has been vocal about extending or even expanding the 2017 Tax Cuts and Jobs Act (TCJA).

The property owner's tax professional can help them with that and ensure they don't pay taxes twice on the same income.Disclaimer: My advice/opinion in this post is just that, my opinion.

Are there any tax implications or considerations for Canadian investors investing in the U.S. through an LP?

It’s definitely smart to evaluate the tax and cost implications of your funding options.

Taxes 10k HOA is 9k The current owner never did short-term rentals.

Rentals generate passive income, so an S-Corp offers no added tax benefit.

Use umbrella insurance as an additional safeguard, especially if you opt not to form an LLC.Avoid S-Corp taxation for rentals, as rental income is passive and not subject to self-employment tax. S