Ive been trying for a while to find a site to build the family home but sites in my area are rare and very expensive. I am considering trying to get a group of like minded individuals together and between us buying a development site. Say five other people to purchase a 3 acre site where each person gets a half acre site. Has anyone done anything similar to this? Does it work out any cheaper? What are the legal issues? Would we need to set up a co-op or limited company? Any advice, suggestions,etc appreciated.