ready to pull the trigger on my first deal. have a question

[Kyle Costello]

hello everyone, i am ready to pull the trigger on my first investment and i have a question. the property is a commercial property that also has a duplex that goes with it. the total property is assessed at $ 220,000 and they are asking $ 160,000 for it. the duplex is 2 one bedroom apartments renting for $ 400 a month each currently rented. the commercial part is upstairs hair salon 1,200 square feet and the bottom part is also around 1,200 square feet . the bottom part is rented out for $1,200 a month by a car rental company that has a lease signed till 2017. they also pay half the taxes for the property. my question is can i use the extra equity to use as a down payment to get this property ? if not what is the best way to use the extra equity that is there. motivated seller that wants to retire. thank you