If you think ahead, you can minimize recapture with the right tax planning.So what is recapture?

If you live there 2 years or more before selling you will be exempt from tax on the 1st $250k in profit which is a nice bonus. 

STR seems to have better tax benefits (in the right market) but is it worth it at a distance ???

Since this is my only property I do not mind and with my flexible schedule I am able to spend time doing this. 

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

Cash flow is definitely the biggest challenge; both in terms of finding properties to buy that cash flow with a loan on them and just company wide given interest rates and labor/material is up and, at least where I'm at in Jackson County, MO, taxes are way up too. 

There are less taxes in Alberta too.

There is also equity pay down and the tax benefits including accelerate appreciation. 

How to Price the Condos: Do a reverse amortization schedule for a 30-year mortgage based on Room Rental Prices in the Area.

Meanwhile, your expenses, like debt service, taxes, insurance, and maintenance, continue.These are the requirements necessary to attain and maintain financial independence.