Dilapidated 20 unit ROOKIE NEEDS HELP

[Corey Mika]

I just want to start this with I will consider any and every advice that anyone gives me, I'm a sponge so please anything will help! This is in Texas, I acquired a 20 unit motel the business failed and I got it for very cheap well under 100k, but I've never remodeled something so big. I paid cash so there's no debt on it right now, and I have about 200k left in cash which I hope will be enough to remodel and stabilize it. There's a lot of ideas I have which I'll say before I start asking for help so everyone can tell me what would actually be better. 

My experience is that I own a few single family homes all paid for and all in long term rentals. 

my idea is to remodel it and combine the 20 units into 10 unit 2 bed 1 bath apartment style units for some affordable housing. There's a few meeting rooms since it was motel before and i was thinking doing some laundry and storage for some extra income. 

now for the questions part:

1. Is this even a good idea to remodel and combine units? Or try to basic remodel into studios? 

2. In what order should I talk to people? (City zoning, remodeler, property manager, agent if neccessary)

3. When you give the order I should talk to these people, is there good questions I can ask them so I can understand if the person I'm talking to is a good team member I should use?

4. Is there loans i should get pre-approved for just in case the 200k for remodel isn't enough? (Construction loan or something?) I use the one brokerage so what you tell me I'll just go to those guys to do it

thank you thank you thank you I need all the help I can get!!!

[Jim K.]

@Corey Mika

Get rid of it, Corey. I think this is just too much of a challenge at your level of expertise. I know you can't pick the order your challenges come in, but this just sounds like twenty kind of headaches waiting to happen to you for very little real upside.