Renovation of a motel to apartments

[Douglas J Andrews]

Hello All,I identified a motel that would make great apartments approx 14500 sq feet total. Calculating an average apartment size of 800 sq ft going for a median price of $750 a month conservatively. I calculate you could get about 18 apartments. If the property can be obtained and renovations completed with 1 million. I realize I’m a bit out of my depth here. I have not tied this up and need advice on how to proceed without losing out on the opportunity?