This substantial increase offers more choices for buyers, promoting a competitive market.Months Supply of Inventory: The supply of inventory jumped by 132.4%, from 3.4 months to 7.9 months.

This substantial increase offers more choices for buyers, promoting a competitive market.Months Supply of Inventory: The supply of inventory jumped by 78%, from 5 months to 8.9 months.

If you go to Cleveland give The Ultimate Guide to Grading Cleveland Neighborhoods a read first.

You will likely get two different answers to your question, and it ultimately stems from your usage of the word "foreclosure".The word has technical definitions, and as JD pointed out, in a sub2 deal you don't have a security instrument that authorizes you to foreclose on the property. 

and also what are your suggestions for approaching creative financing if it was not ultimately stated in listing (in other words bringing it up as an option to the seller?)

I hope that helps.https://www.biggerpockets.com/blog/due-diligence-ultimate-gu...

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I have a very difficult tenant in another state and just consulted an attorney about a non-renewal and likely ultimate eviction.

From what I'm gathering on this thread, though, it seems like there wouldn't be anything to "preapprove" if the intent is to use a portfolio loan; you'd have to have a performing asset in place in order to demonstrate an ability for the investor or LLC holding the property to pay back the loan, and you'd run the risk of leaving all your capital tied up in the property if you were ultimately unable to get approved for that portfolio loan when the time came. 

Fundrise was created in 2012 and is better but still ultimately in the same boat.