For a Seller Financing what is the Process?

[Ruben Garcia]

Hello, 

I am currently looking at a commercial property that is going for 400k in CA with the seller is offering a 3 year IO at 2% above prime 10% down.  The reason I am interested in buying is because I am wanting to start a Brick and Mortar location but I have limited funds available,  this property used to be a restaurant be will need to come up to current codes.  The questions I have are 

What are the documents involved?

What is the process of making sure that when doing the contract that there are no liens and back taxes.

Do we need to go through escrow process or Title Company?

Do I need a Real estate attorney?

Could I  do buying the property under an S-Corp?

Because it is a commercial property how hard is it to get the appraisal to be at the time I refinance?   

Any advice would help.

Thanks