This may be a perfect situation to form an LLC. If you can gather a couple of pals that you trust and can work with, you can develop the property as a private preserve and protect your other assets by forming an LLC with this group. There is a 450 ac pc across the road from our project that is owned by a group of guys that all own a percentage of it as a private hunt club and they formed it under an LLC. I believe it also creates a tax shelter for improvement write-offs.
