While I am not involved - i have read the accusations and whether or not if they are true, that would scare me enough to stay far far away from anything they are associated with. 

And I was scared.

There is good leverage and leverage.I grew up a cash investor and was scared of leverage, but it limited my ability to buy more properties.

I guess the leg work and he fact of being remote scares me, but so does any investment!

Actually, it scares me a bit that you say the property is currently only being used about three weeks per year. 

While condos might be all someone can afford to owner occupy or invest in enter at your own risk and if they are talking about future special assessments you will likely scare future buying prospects away. 

Perhaps they are scared of other bad players stealing their info?

The new attorneys and title companies don't seem to have any creativity.I found that a long contract initially can scare a prospect. 

If the cab driver is scared you should be too.Cash flow is not a static number you can't predict with any accuracy what it will be.

Crazy people are not scared off by seeing a gun, they are enraged and empowered.