Can be commercial or rental, what should I do?

[Quenton Mullins]

Hello Bigger Pockets. I am a newbie and looking at offering on my first deal. I need some advice. I found a huge home that can be used as commercial or residential. I have negotiated owner financing (Thanks Brandon Turner). Its located on a very busy road and has been used for a daycare and rental property. Built in 1960 and upgraded to Daycare standards. I can purchase for 40k (8k down, then payments). The area is a class B- area with 2 other commercial businesses respectfully located right before the 5 street busy intersection. Home has rented for $850 / month as a rental as well. Any insight if I should purchase and overcome my newbie fear?