Newbie with an idea looking for advice

[Dami Gonzales]

Hello, new here. I have about $55k in cash/stocks right now. I have a pretty good income, currently living near Phoenix Arizona. Living with roommates to keep my rent cost lower. 

I have an idea. Would love to hear some feedback. 

My dad has a small piece of land near Medina lake in Texas (currently all dried up).

Thinking of the following, only using about $35k of my own cash.

1. Request my dad to add my name to the land deed.

2. Look into using that land as collateral for a loan (need to do research still. Not entirely sure how this works or if a good idea)

3. Hiring a tiny home builder for the property

4. Set up the tiny home with a theme.

5. List tiny home on Airbnb. 

I think it would be a few years before I saw a direct return, but thinking it would be good for a long term investment and also maybe I can even turn around and use the built equity (if any) later. 

I'm also WFH in my new job, so if it's a complete flop, I could deal with the loss and live there to reduce my overall personal expenses.