They will have a hard time with the volatility of the investment and like the other fellow said conviction(and proper reserves) will be how you weather it.

And you can also go with public investments like publicly traded REITs (but of course that adds additional volatility from "Mr.

Covid run up on prices made this area volatile in the short term.

Why are vacation rentals prices so much more volatile than residential properties? 

The new lender we initially signed up with for the refinance notified us that they would not be able to provide the new loan at the agreed upon terms due to current market volatility.

The thought behind this was a note would have less volatility than the market, while juicing returns compared to a core rental.

Also, there is more volatility in the rental strategy.

Volatile interest rates today due to the consumer inflation index report.

The FIRE movement taught me how to be frugal where it matters, credit card point hack, and other "life hacks to save money, but REI taught me to take that savings and invest it in something that would improve my life immediately through cash flow, as opposed to limiting my dreams just so I can quit my W2 and investing in things with extreme volatility and which I have little control over. 

Hard assets with (extreme) volatility will take out mom & pop; not just via barrier to entry but also by temptation to sell.I have done the following, and I think a few folks have copied me in certain areas and that's you buy the land and offer to re-sell with the condition you anchor the build(3rd party it to a real builder, in my case) for a rent to own or just resell.