Also, don’t forget that buying as a collective has its own problems. People you love dearly have a way of getting on your nerves when you are forced into close proximity for extended periods. I imagine that problem will be compounded more by a remote location.

You should all agree on an exit plan just in case you cannot stand it after a few years. i.e. What will you do if one co-owner wants out, but the rest dont want to sell? If its all agreed beforehand you will avoid some big problems and ill feelings later on.