There is an old motel/hotel in my area.
There is an Old Motel/hotel in my area for sale at $164,000. I'm not sure how old it is but the building looks like it could be a good investment.
I was thinking, would it be a good idea to convert some old motel/hotels into apartments?
Would I need a commercial real-estate license to operate it?
My idea involves knocking down some walls to convert 10 motels into 5 apartments.
What should we watch for if we decide to invest in such a big project?