Now is where this great community comes into play. I have read and checked out pictures of TONS of things on this site, but am still a tad confused.
For building the unit, I really don't think it will be all that difficult. I plan on going with a weekender/simple design and while I might not put all the best finishing touches on it, it will be functional, a bit lower cost and better yet, something I did with my wife that we will spend years enjoying. I have helped to build 2 house and re-frame an apartment, so while I am not the best carpenter in the world, I feel like I can make this one happen.

The main thing I am confused about is the water proofing. Man, there are so many ways to do it from lacquer, epoxy, fiberglass and roofing tar. To be honest, I still don't know where the roofing tar comes into play. Either way, I wouldn't mind if someone would criticize my choice of building/waterproofing materials.
I figure for the 4x8 floor, I was just going to get some quality pressure treated plywood and give it a nice coating of Thompson's water seal. I thought that would give a nice baseline. For the outer shell, same deal. Thinking 1/2 pressure treated ply (something with a nicer finish as well) with the water seal on it again. When all is said and done, thought about a few coats of lacquer to finish it off, also, maybe some paint. We will see when I get to that point. Thinking 2x2 pine framing stuffed with some insulation and then a nice luan or something in the inside just to cover up. All the seams will be caulked with a silicone sealant and thought about putting a nice L channel wood/metal trim around the edges so you don't seem them as well. (don't ya love my vocabulary for the technical stuff??) Does this sound like something reasonable or am I WAY off base. I know it might not have the nicest finish to it, like some of the sweet woodies on here, but this is my first project and I am sure bigger and better things are on the horizon if this one works out well. I want to get something that works and is completely functional first, then I will work on the looks.
Thanks all for the help and yes, I am charging up the camera battery to make sure I document this entire process.