Everytime you get close to depreciation running out (or want more) you 1031, expand your holdings, and your tax write off. 

I started with single-family homes and then moved on to condos, typically holding onto properties longer than I probably should.

The exchanger purchases buy and hold real estate occasionally 1031ing when appropriate. 

We sold one for $257k in cash and are holding the other one as a rental.I’m curious about others’ thoughts on build-to-rent (BTR) projects, especially on infill lots.

Some states have housing authorities that are more landlord-friendly (i.e. holding tenants responsible for damages or cleanliness v landlord).  

Investment Info:Small multi-family (2-4 units) buy & hold investment.

That's why I came across turnkey properties for some hand holding as you mentioned.  

If you can find a fixer at a good price, with room for an ADU, and the comps are good, then you have a deal.Are you planning on flipping or long-term holds?

Phoenix contains a rare combination of elements that have created an outstanding market for distressed property investments, including the following:Cost Savings: Distressed properties are sold below their market value and enable investors to take hold of properties at a trifle compared to traditionally listed properties.Strong Market Fundamentals: Being among the fastest-growing cities in the country, Phoenix ensures a high demand in housing and rentals, hence good potential for resale or income from rentals.Value Creation Opportunities: Most distressed properties need renovations; thus, such situations present opportunities for investors to increase equity by adding value.Population and Economic Growth: Phoenix remains among those cities in the country which are attracting more and more residents and business; therefore, this presents good, long-term appreciation possibilities of property appreciation and income creation.Challenges to ConsiderWhile the rewards can be great, distressed property investment is not without its challenges.

I have two properties (exact same property just across the street from each other) one is a seller finance that is coming to the end of its contract for balloon payment and the other is a fix and hold Interest only loan that is also coming to the end of its contract for balloon payment.