Just make sure you do your due-dilligence so you don't get burned.

However I am concerned about getting too burned...I have now had numerous dealing with the sis and I realize she is consumate liar and can't be trusted.thanks all for your quick feedback.would you sell to her and be rid of it - or try to fight those leases and win a sweet 3 family?

@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?

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.

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.