Is this a process... that i need years and years of experience to be considering... or can i go by my real estate instincts?

Sure, sounds like a good idea. What's the cap rate? Is the building nice? How much land is there? Any zoning issues? Any contamination? You must think about all these things.

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Metternich

Don't be affraid to ask questions of those with experience in owning/managing commercial props. The learning curve is not as bad as you think, start small and learn fast.

Consult with a helpful commercial real estate appraiser - and don't afraid to pay for his services. Instincts can be helpful in some aspects, but you need to analyze the numbers and location right - this requires someone who is practiced and willing to provide good research.

Yes this is essential, because it is a process and you do have a decent amount to learn, but I agree that it's not as big of a climb as you think. You'll get there, but in the meantime, rely on a commercial real estate appraiser and learn from what they tell you.