@Seo Hui Han,You certainly can 1031 exchange from your current commercial into a multifamily; no technical issues there.To speak generally, multifamily properties tend to have more stable cash flow but lower income potentials than commercial.

In addition, I included my plan strategy in the attachments.

Lower cost of entry, landlord friendly, low property taxes, no state income tax and only a few hours from NorCal.

My plan is to continue to operate the LTR, get approvals for my already initiated project one way or another from the board/or not since I've already put in a fair amount of money for turf/installation, and respectfully decline this additional potential $6k charge. 

One vacant unit on a triplex is a hit on 1/3 of your gross operating income versus a duplex where it would take out half of your gross operating income.

I want to replace my income within a reasonable timeframe, so I'm looking at a syndication mentorship with a "guru" who claims I'll close my first syndication deal on a commercial multi-family property within 6 to 12 months.

DSCR loans won't use your income to underwrite the loan.

Understanding the potential rental income is crucial in assessing the profitability of the investment.Expenses: Do you have a clear understanding of all the expenses associated with owning the duplex?

My opinion is that the higher end stays will remain healthy because those guests have more disposable income while the lower budget stays will take more of a hit.

Any suggestions on how I can lower my taxable income is appreciated.