I've been listening to the podcasts, reading the blog and browsing the forums and all the information here has really helped give me confidence to take that leap.

If you have a self-directed IRA you could utilize those funds or you can joint venture with an experienced note investor. 

@Nick DiecidueYes a self-directed IRA can be invested in vacant land but you can't use it for personal use. 

I am not certain what the average length of stay will be, but based on my market research, I am confident it will be more than 2 nights but less than 7 nights.I am not sure what hotel-like services would entail. 

I gave my self a realistic goal to work with and I'm going to work at it.Thanks a million.Have a blessed day.

The difference between the two treatments is whether or not you pay the 15% self-employment tax on your profit.Still, I side with Ashish in recommending professional help, as my suggestion needs a more detailed discussion before implementing, with a few pitfalls to address. 

@Clay SellersYes, that old 401k may be moved to a self-directed IRA.Strategy matters a lot. 

Find a local self directed IRA group in your area. 

We are interested in self directed 401K information and we have questions about cashing out a pension or rolling it over.

You may be able to start by self managing, since the tenants seem stable.