It will be in foreclosure in most cases as most investors find properties after the Notice Of Default (or other legal notices) have been filed.More or less the period after the borrower has started having problems with the payments but during the period when the loan can be re-instated.Not the most precise definition but close enough to how most people use it.

To answer the introduction of a new member, I would have asked, How can I help you? 

A friend's family member is a real estate attorney so I reached out for help on a lease.

These would be red flags for me.

Companies will be re-evaluating their budgets (big and small) and likely if things stay stagnant in the economy, the hammer will drop and many will lose their job. 

Unlikely to matter practically since term is so cheap.The attitude of “I wouldn’t consider this if it wasn’t a family member”is the opposite of where you want to be.

I am finally a member! I

How do you get introduced as a new member?  I

But when it comes to the numbers I need to analyze a real deal, I'll be relying on a good agent.

Still buying good local properties that can be re-positioned.