So it would be much more difficult for them to bet on appreciation. 

Mistakes are inevitable in real estate, whether it’s a missed repair in underwriting, a contractor who walks off with a deposit, or poorly executed work.

But if I was a betting man, I'd bet prices will be higher in 50 years than they are today. 

If YOU know what you're looking for, you can avoid poor quality work and over-charging.You are really taking a HUGE risk by starting out this way. 

Many sponsors are equity-rich but cash-poor, and equity partners are definitely holding the leverage.

TLDR;By my findings, if you are a long term Airbnb host/Superhost, etc and had your bookings DROP OFF A CLIFF this summer, switch to "Flexible" cancellations and I bet your bookings will go back to "normal".So I have been hosting since 2018hundreds of reviews, still over a 4.9+ score.

The couple is older, and they are having trouble betting into the standard bathtub/shower.

Owners who are making the switch always have the same complaints and the same reasons to cancel with their current PMC and hire RES:1) Poor communication. 

I bet if you change this to the Short Term Rental section you will get more responses. 

I would bet you can find a few folks who have invested with them in @Jim Pfeifer's Left Field Investors group.