Nor can they see any construction plans to assess true value.

I don't think that's true.  

I'm not sure if its true.

I think the biggest roadblock has been the lack of true testimonials of successful people in these programs.  

The odds of default go up significantly for those who have no skin in the game.

The old adage is true in real estate as other aspects of life - if it seems to good to be true it probably is. 

I don't think anyone has ever said anything about sheets, towels, Keurigs, wifi speed, tv stations, pack-n-plays, the games in the game room, the upgraded appliances, etc.

I am seeing more bureaucracy like inspections and fees, which I can understand because some people let their places become true hazards.I do agree what @John Underwood said and would consider lawyering up. 

Investors like me are left sifting through overpriced junk instead of finding real opportunities.This has always been true.

I also want to say that if you see this as a true passive investment, you'll be in for a surprise because it's anything but....usually.