These buildings are zoned like hotels and have all the requirements you need to rent and make money accordingly. 

Another option you may not have considered is to work with a developer and build a multi-family property in a desirable area, leverage ECO construction benefits available ($5 to $15 per sq. ft.) and cost segregation and bring in a management company to manage the property once it is ready for occupancy.

Trying to establish my team so any recommendations for realtors, contractors, lenders, etc will be appreciated! 

They will be snobby about the neighborhood and wouldn't do the loan if it wasn't a nice area, and only on 1950 or newer properties, but you don't have to be a Texan to get this loan on a Texas apartment building, so they're picky about the property.

I’ll see if I can get a contractor to try that to see if some will lift.

Not even talking about accepting non-accredited investors, which they don't.I am okay with a new firm accepting non-accredited for their first 1 or 2 deals while they build an investor base.

I have a feeling you'll be able to build back your savings pretty quickly.  

After all PITI, utility, and services (lawncare and cleaning) costs I have $7,225.I set aside 25% of this for my maintenance fund.The remainder funds my lifestyle, wife has a Tesla, and quarterly vacations as well as business growth.In 2023 I am tracking to build 4 duplex units designed as room rentals funded in part from a recent land sale.

How does the general contractor makes sure he gets compensated, what type of contract would he need ?

Build a map to scale your REI investment.