I agree with @Joe Funari, If you don't want a big tax bill and are interestedin continuing in real estate investing you need to consider a 1031 exchange which allows you to sell investment real estate and buy replacement investment real estate and indefinitely defer all tax on gain and depreciation recapture.

This allows you to indefinitely defer tax on the gain from the sales with a 1031 exchange (using the deferred tax to boost your ROI). 

As an insight to our mindset for long distance BRRRR, we're moving to the market area and I'm getting my contractor's license so long distance is not something we want to do indefinitely.

If they feel deceived or slighted in some way, they could put the project on hold indefinitely.

I definitely don't want to hold the property as-is indefinitely.  

@Angel Moreno, a 1031 exchange will allow you to sell that property and, using the correct process, purchase new replacement investment property while indefinitely deferring all tax and depreciation recapture. 

Recently, the inspector was over 20 minutes late, we had to pull our Team Member to a different property, and the government agent could not comprehend why we could not afford to have an agent camped at a property indefinitely.

Such metrics tell you nothing about what is likely to happen beyond the first day; most people hold properties indefinitely so this is important.

It would in theory be great for STR income by limiting supply, I’d think.We foresee buying and holding indefinitely, but of course we are also thinking about exit strategies should something catastrophic happen.

Like @Dave Spooner said, the way to indefinitely defer gains from the actual sale of real estate is using the 1031 exchange which allows you to sell investment real estate and buy investment real estate while deferring paying the tax after the sale.