I have many clients who are utilizing credit lines on the coast and other markets and coming to my market and buying and renovating dogs etc.

I spotted a 3 units home, each is seperate building and has seperate utilities. 

If you have money and patience, it could be a good long term play if you can continue to pick off surrounding properties. 

People pick up from that positive energy. 

Thanks again everyone, I just checked, I have a copy of "Evidence of home insurance" seems like regular home insurance(not hazard), on 2nd page it has mentioned my name as Mortgagee/Loss Payee.also, borrower is not picking my phone, so just wondering to who should I contact, insurance company?

Fine but wait till you can pick them up for 40k! 

It also could work if you can pick up the motel cheap and/or do the construction cheap.Also, be very careful with low-end motels because they tend to be crime ridden and that can be a hard thing to transition out of.But, do the work for your particular deal and see what it tells you.

You can then adjust expenses based on a few factors:  does LL pay utilities or tenants? 

The renter pays taxes and utilities.

Do all units have separate utilities?