Especially in a commercial lease, I'd make sure you feel very comfortable with the terms or have an attorney review them... not just because you will own the building, but since you'll be living right above them.

That's what I'd do and have done.

Now that I have answered your question, I'd like to share my questions and possible concerns. 

I'd recommend reading these articles on BP for answers to all your questions!

No advice as I think my savings account earns maybe 1%, so I'd also love to hear from others.

If they actually use a reputable title company I'd do it but if not, I won't trust them.

I'd say start the process of securing your HELOC if you havn't done so and spend time analyzing deals and determining what type of investor you are looking to be. 

I'd love to connect and support you as you start on your journey. 

I’m Keagan, a realtor and investor based in Indianapolis, and I’ve worked with several clients on value-add multifamily deals and have done a couple myself.For finding off-market opportunities, I’d recommend:County Tax Delinquent Lists – Great for uncovering distressed properties.Direct Mail Campaigns – Target out-of-state owners.Local Networking Events – Connect with wholesalers who specialize in multifamily.I’d be happy to introduce you to lenders and share leads if Indy is on your radar.

I’d recommend setting an appointment with a local lender, sitting down and going over the loan, and your options with him/her.