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

One that is pretty dang reliable for performance.

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

HUD performed extensive due diligence on us, and had to approve us as buyer's and our management company and mangers.

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. 

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!

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

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

The only real, dependable income comes from a property that is a lot of work (well performing short term rental), one that is paid off, or one that you have owned for a long time to see rent appreciation.