Tenants sometimes don't pay, roofs need to be repaired etc.

Installed a new roof and fresh paint.

The savings had the security deposits and monthly deposits for longer term items (cap ex) like a new appliance, or paint, or roof.

I've actually had some experience with this in the past and know that you can get everything done under one roof if you find the right one.

It's old, has an old roof, and close to the ocean.

It's been gutted to the studs inside, has a new roof, and has a pool (needs work plus a possible expansion), with room for new commercial buildings to replace the ones that were demolished or for an expansion of the motel with either more rooms or a few condos for short-term rental.I'm considering selling a single-family home that I own outright in another state (Lake Havasu City, AZ) to finance this deal. 

Roofs, Plumbing, Electrical,  HVAC/Furnace. 

I am thinking of getting a hard money loan, but interest rates are through the roof!!

Replacing pretty much everything... new roof, kitchen, bath, AC and flooring What was the outcome?

I was worried about the slab foundation and flat roof.