Questions about Buying a Motel Lease

Hi,
My husband and I are interested in running a motel.  Can anyone share their experiences/opinions in this area with us?  We would want to run the place ourselves as much as possible.  Since our personal accommodation would be on site, I would imagine that personal cash outgoings would be minimal which is a big incentive. 

What sorts of loan terms do banks offer for purchasing motel leases?  We have about $1million in residential assests with about $400,00 in equity.  Would this be enough security for a lease of up to $400,000?

Any general advice, comments would be much appreciated.