Turning 2 unit old world 3000sqft home into multi unit

[Sam Phares]

Hey everyone so I am going to just be open and honest with this, I am a first time real estate investor but i am ambitious and am looking an amazing deal in my opinion. I have a 3000 sq ft home in down town on a 9000 sq ft lot that had fire damage and is now in need of a total rehab. The asking price is $58,000 right now but i believe there is a large amount of wiggle room. I would aim to get this property for around 30k. My goal with this property is to buy it and list it as my primary residence at a 30yr term therefore making my payments as low as possible to allow for repairs. It is a large how were some wealthy folks live and it is listed as 2 units due to it having a "Mother-in-Law" apartment. I think there are 2 options, either restore the home to its 2 unit form and go for the approach of live in a great house and have someone help pay their mortgage or try and turn it into a 4 or 5 unit apartment building. There is a mixture of the 2 types in the area primarily the multi unit apartments which are on average 180k to 200k. I believe i could get an easy 160k out of the home as just a single family home with attached apartment. I am in desperate need for advice since i want to get started on this asap in order to try and have it ready for spring market. Please any and all feedback is appreciated.