Pulled the trigger when it hit my mark.

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 ?

However, finishing up the reno may trigger new code requirements.

Words straight from the COO.Budget- I tend to get trigger happy lol

Anyone have experience with existing units and what would trigger installation?

This would trigger a due-on-sale clause requiring the whole loan amount to be repaid immediately on any transfer of title.

If a property has HELOC, would it trigger the due on sale clause by the lender?

It's going to take time to find a deal so be patient, but once you find one, pull the trigger. 

Pull the trigger.  

Also I think before you pull the trigger on it you should try to learn a lot more about commercial real estate investing.