Typically people think FHA because it's what's thought of as the least amount down which is commonly the goal when we all get started.

The upper story and deck of the residence come out over the top of the motel forming kind of an exterior corridor or breezeway that pops out on the front of the building. 

What kind of questions should I be asking and what kind of a return should I get? 

It's just common sense, but not really scalable as a business of its own IMO.   1.)

The LP got it from a friend who is in some kind of real estate mentoring program.

What kind of handle did the locksmith put on? 

FlooringScope of Work:Replace carpet in bedrooms with engineered hardwoodRefinish existing hardwood floors in common areasInstall durable tile in wet areas (bathrooms, laundry room)Estimated Cost: $20,0004.

Should I try to make the deck on the second floor a common space or as part of a large bedroom?

In the OFF-chance (not as common), you're looking to get into a DSCR loan...there are ways to get no origination or processing fee by originating your own loan (yes this is possible and you can do it in 39 states without a license).

Here's some online software options that you commonly see recommended on BiggerPockets.