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. 

This increase provides more choices for buyers and encourages competition.Months Supply of Inventory: Inventory supply jumped by 50%, from 3.0 to 4.5 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.

@Sheila Richmond YoungTo begin investing in real estate, attend local meetups and internet forums, study books, and seek better financing choices.

I also thought 2BRs/3BAs were the ultimate choice for a rental.

@Ryan KleinTo attain a $3000 monthly cash flow objective in five years, begin with home hacking, then employ financing choices like as refinancing, DSCR loans, and BRRRR techniques.

At the end of the day, no system, forum, group, website or coach will do the work for someone, they have to make a choice and take individual responsibility to take action and make it happen. 

Generally the fees are going to be very rough on DSCR Loans of that size (as a percentage of loan amount) but probably no choice right now - the market for DSCR Loans under $100k is very small and less than $75k even smaller. 

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?)

You'd also cut down on management costs, which are definitely big for STRs.What's the reason behind your choice for short and medium term options over long term?