Thank you for your insights and for pointing me to resources that should be reviewed so I can build a model in Excel to evaluate this decision. 

It can be found in the “build your team” tab on Bigger Pockets.

Total cost including acquisition price of $2.35m.I believe we will be able to create a total of 20-30 units in this building. 

I am looking to do some conversions from SFH to duplex on a couple properties and build relationships for future BRRRR opportunities!

I am seriously considering taking $150k of it and buying 3 new builds $50k down as rentals in somewhere like a Houston TX subburb, Wichita Falls TX, Oklahoma City OK, or Kansas City, MO.

But I wondering how difficult is it to get a DSCR loan without experience building or buying rental properties.1.

The optimist in me states that if I build something beautiful/unique, I can stand out.

I live in Michigan and looking to get involved in apartment buildings.

With Raleigh growing rapidly there are an incredible amount of new builds happening.

The issue that you have, is that your guests experience will depent greatly based on the demographic that the motel building brings.I would pass and try to get a small multi-family building or see if you can buy the whole motel(to have more control).