As you mentioned, the other part of the equation is more individual in nature...our intended lifestyles and what each of us gives up on the W-2 side.  

Do you know other investors that are interested in this type of rental property or are you yourself interested in additional properties of this nature?

To help fund "one of my whys" of educating humanity on the principles and natural laws of the world.

You can earn strong returns in a passive nature while (if you want to) continue to learn how the big players do it.  

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I can't say there's a book that gave me much insight on specifics, mostly because the structure of so many deals is based on the market that the property is in, and regulations change so often, a book of that nature would become obsolete fairly quickly.

After speaking with a broker in Virgin, UT, I learned that capitalizing on that  Zion national park tourist vacation rental market can be (relatively) pricey and challenging.My investor and I are looking for something close to nature or smack-dab in nature; but, still close enough to modern amenities to resolve any issues should they arise (emergencies/food etc).I learned that if you are in the mountains, you will more than likely not have year round access, no water/rights, 2 hours away from amenities and no management willing to make the drive to check on 1 cabin, needless to say it was a little discouraging to hear. 

Im obviously new on different options on how to acquire properties, so Im partnering with my friend who is a sales guy by nature, and a really good one.

If there is a valid reason such as a family emergency or something of that nature I try not to be a heartless land lord but the truth is late payments are almost always a result of laziness and lack of priorities.  

We have zero problems filling vacancies but he isn't able to keep people very long due to the transitory nature of the tenants he's able to achieve.