I do not anticipate that in the next 5 years. 

Based on historical cycles, I anticipate the market is going to dip over the next 10 years, which means having my money in a real estate investment would most likely make more that the stock market fund. 

The next portion of their MTP is currently being called the purple line and I anticipate there will be a similar level of investment.

If it is confirmed, no issues.What is the anticipated hold period?  

Plus commercial loans take longer to approve This is because commercial lenders need to carefully review your financial situation and business plan before approving your loan.Hope this helps, a friend told about his first experience using a commercial loan to purchase a commercial building and the process started out simple and got more complex quick, and said the closing costs were also significantly greater than he anticipated, but some lenders will roll the closing costs into the cost of the loan if you go that route.

In the event you are anticipating (the 1031 and then the later sale of one of the assets). 

As there were multiple offers initially and a back up consideration, the compromise was a 1% concession for the anticipated $10-12k in repairs.

That 10% gives me a cushion in case I use more hardware than anticipated or mis-cut some lumber.  

I am anticipating vacancies at that point I will rehab the units to value-add. 

Anticipating the NOI is a good way to consider the risks of investing in properties, but would not be a surefire way to get a complete total of income.