@Mary Burns, There is no hard staute prohibiting the purchase of a property from a related party. 

We can try to tell them, explain to them, and even make several posts about it, but they will keep shopping and end up getting burned in the end. 

So cash burn while your doing that. 

Wood burning hot tub would require guest to build a fire and wait hours for it to get hot enough.

(looking for other perspectives)For those who haven't - What's your one burning questions regarding doing your first JV?

Big developers where not investing as much anymore, land flippers where left with unwanted inventory and if you for example now wanted to do an agricultural business and bought land in some places, the math would never makes sense.The good thing is as you mentioned some small towns are thriving because of the expat presence, similar to what happens in the US with "gentrification" the expats attract the digital nomad crowd that works from the beach, surfs, love great coffee shops and restaurants etc.

Lots of folks got burned badly in about 2013 and were underwater at renewal.

If they give you a proof of funds letter without a full application and credit review burn it.

We got burned a little at closing due to the imprecise verbiage in the repair credit documentation. 

Even if it does turn out to be terrible I've burned way more than 49 dollars on way dumber stuff in real estate, that is for sure.editHe probably does not remember it, but years ago I reached out to him and he gave me some great advice on a niche form of real estate investing, which is why I am saying if it is good enough for him it should be good enough for me.