You will be surprised to find that there are companies that operate in the same manner as REITs but not quite REITs. The only problem is that they may be harder to find, and the return might not be quite to your liking. However, this is definitely a safer option for the first-time investor. Though harder to find, they offer you a diversified range of options as they are constituted in the forms of hotels, timeshare companies, resorts, and so on. Like in every other case, make sure you do sufficient research before throwing in your money.