Have a 1960s 30 unit single story motel where we are coming up on some end of life issues: the cast iron plumbing is disintegrating underneath bathrooms, radiators are starting to leak, electrical is in poor condition, and just today, discovered significant termite damage affecting multiple rooms.

It should outlast a tenant turn or two unlike carpet but no where near as hard to remove as tile. 

Where are you located?

I am 25 y/o, I have a job where depending on overtime, I make around $140,000.

@Ben Stanley If you are talking about a house hack where you rent extra bedrooms that will be a little different than buying a 2-4 unit property and living in one of the units.

The turnover is where you will lose a huge amount of money. 

Income - in a time where cashflow is hard to find, STR can provide that solution2.

If you can find something where the numbers work...jump on it.  

Looking at a HUD home where the pressure test failed for the plumbing.

Any tips for where to look or any one have example rehab templates?