All 3 are low due to the low vacancy, but evictions are also low due to the difficulty in performing evictions

The borrower can not foreclose on his buyer under a Wrap if it is a performing note.  

What type of loans are you buying, performing, non performing, seller financed?

One land speculation I bought 4 acres in sonoma County CA ( wine country) in 96 for 27k it was unbuildable at the time ( could not get a septic system on it) Well city grew to us The Graton Casino comes in right across the street and we sold a few years ago for over 2 mil to a land assemblage investment company.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

It’s been a strong performer ever since.

I see no impact at all, if the above are all performed in concert.Just like REI. 

There is certainly a strong correlation to credit score and tenant performance.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

Focus on finding a replacement with strong tenant screening processes and performance guarantees.