The increase in vacancies can be attributed to the addition of new properties to the market and higher than usual vacancy rates in older properties.https://www.socalrha.org/news/2024-vacancy-and-rental-rate-s...Note LL, location, and property all have an impact on actual vacancy.  

Please shoot me a text or email if you have any additional questions or interest in deals (contact info is listed in my bio). 

If there aren't issues with this and it wouldn't be too much extra work, I'm really just looking for an additional tool to incentivize our borrowers/purchasers to keep paying timely each month. 

Quote from @Mark Alford: Nghi Le, what additional detail would help with this question?

In addition, on market and off market REO's.

These are professionals with additional training and a stricter code of ethics.

You’d gain tax deductions, and you’d relieve yourself or your parents of any additional work regarding reservations or repairs. 

Additionally, I wanted an easy investment since I felt like I was not ready to take on the rehab portion.

Think of potential pain points or ongoing vendor tasks that you can keep an eye on remotely with cameras in addition to security.

If rent is still not received by the tenth of the month, an additional $100 late fee is imposed, PLUS you file on them the same day.