I would like to purchase another duplex in the near future and am looking for a possible turnkey.

The way we used it was when a borrower was in default, and say was expecting to be able to pay in the near future.  

Be careful about the advice of others when it comes to your RE investing future. 

Quote from @Spencer Elliott: Long story short, land is on loan and I’m purchasing a manufactured lot as a temporary home/future ADU to my final build.

However the most obvious benefit based on what you’re stating is that the depreciation from cost segregation will offset your $100k in taxable income from your commercial rental.There could be more benefits depending on future plans especially if you plan to sell any real estate in the near future. 

Stay focused and close on the property, do not let an out of the blue crime destroy a future REI and cash flow. 

From there, I would like to consider a 1031 exchange in the future to acquire more units.My current property management company suggested that they could handle a mid sized apartment building but I would absolutely not consider them for it as I believe they have overextended themselves and communication is lacking.

The objective is to keep as much of your operating capital intact as possible.The goal is to buy, fix, finance, and avoid leaving cash in the deal, so you always have liquidity for future projects.

That then registers the property at a new “base rate” and your future rent increases all be “base rate” + Inflation as guided by the town.

Passive losses exceeding this limit can carry forward to offset future passive income or gains.