Investing in income property/vacation rental in Thailand

[Troy Moore]

I have been presented with an opportunity to buy a condo as a leasehold in Thailand with the intention of renting out and using as a vacation rental.  There is a real estate development that is building a new building that has units that it will manage as a rental unit and that I can personally use as a vacation rental when unoccupied.  The contract is for a 30 year lease hold and the unit being discussed is at a location that has yet to be developed in the southern thailand area around Phuket.  The location is amazing and the contract seems legitimate but being in a foreign country and having stumbled across while traveling, I am a bit skeptical.

What steps should I take to confirm that the contract is legal and not some scam?

Has anyone had any experience investing in Thailand real estate and can provide any insight?