I just want to make sure I am looking at all of my options when weighing the numbers.What I already know.I know if I go the commercial route I will need to get commercial insurance vs the private insurance which seems to be a difference of 600 a month.Conventional I can lock in for 30 years, but need a 25% down payment which would come from our HELOC.Commercial I can get a 25 year with a relock every 5 years and only 20% down from a HELOC so big difference in payment from month to month.Commercial it will separate us personally from a business incase of legal reasons.Help New Investor here!

Our question is, what is the best route to start taking action?

You could also go the lawyer route, but that'll be more expensive than just paying them.Edit: I just noticed this is a condo, not a house.

Get a line of credit from the local bank before you go the credit card route .

If you go the traditional route you would have to wait 6-12 months for "seasoning" before you could refinance the property and get a traditional mortgage.

I own a piece of Land in Lehighton PA, 1/4 mile from PA Turnpike and 500 feet from the entry to Beltzville Lake, 1000 feet from State Route 209.  30 years back this land had plans to build a 90,000 SQ ft of Strip Mall but personal life took a huge detour and the project was canned.

If you want to go the Equity-Capture rout and buy something below market value (preferably off-market) that's in need of repairs to bring up to market value you'll need a team in place to handle the rehab that you can trust, that can deliver in a timely and cost effective manner, and that understands your vision for the property.

@Eric Pope - I have not gone down this route personally but I am interested. 

We are wanting to stay close to where we live because we have chosen this route and property manage ourselves.

I've come across numerous "wholesale coaching" programs wanting 5-10k up front but I've heard mixed things so don't know if that's the best route to go.