from my perspective as a NMLS licensed Mortgage banker... is D F won't get repealed as a whole.the govmit spent a billion dollars creating NMLS  all of us mortgage bankers or RMLO's are now registered in one federal system.. it would create massive issues between the states and feds how we operate.DF from someone who actually works in the system ( me) is a pain for sure.. we have to use this super complicated website called NMLS .. we have to do reporting quarterly that is over the top and bigger shops no doubt had to hire a compliance person as it would become a full time job.. little guys like me we just grumble  but have to comply.Wall st will dictate rates  LTVs and risk.. along with bond buyers ..

Not defending the guy, but sometimes it is like pulling teeth getting people to work.  

They have distorted every market ( stocks, bonds, real estate, etc ) This environment and CBs have added a whole new level of uncertainty and complexity. 

As long as you buy correctly, trust your gut (assuming you've educated yourself enough), and learn to diversify your holdings - i.e. bonds and equity as well, then you'll be fine.

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

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.