Property taxes in my area have significantly gone up mostly due to ALL the bonds the taxpayers keep voting in.

The next big question is how do you overcome and strengthen your borders, for this not to happen again. 

I do my own thing and hire a team around me of locals (for the latest project I've got a land planning engineer, a realtor, general counsel, bond counsel, and a site rep for a 200 home subdivision -lots only  no construction). 

@Jonathan SafaBruh, such benefit for healthhttps://www.artofmanliness.com/2010/01/18/the-james-bond-shower-a-shot-of-cold-water-for-health-and-vitality/

Then the 1980s decade had to spoil the party and make it ideal for financial assets: stocks and bonds (although real estate didn't do too badly depending on where in the United States it was located).

Most people don’t know how to allocate the funds properly (and/or they went all cash or st bonds after their account was done crashing in 2009 and then never reinvested), these plan admins provide little or no guidance due to liability so people choose cash or ST bonds because they are ignorant or scared witless… yeah that’s not gonna get the job done I agree.  

I'm not worried about your liability on this project, considering your name "is not anywhere on the project", and also because your JV partner has purchased it through his LLC, and because he's experienced, he SHOULD be dealing with licensed, insured, and bonded contractors. 

I wouldn't really consider any type of stock/bond or index investing strategy as an effective means to generate passive "income", unless you're investing to specifically target high-yielding securities. 

I don't think they are paper assets in the same way that stocks/bonds are.

This is important because even though they do not and cannot control the long-term bonds what the FED Funds rate does affect dramatically is interest rates on things like CC and HELOCs.