Drew, the largest employer in Detroit is actually Rocket Companies (aka QuickenLoans) and Healthcare is a huge employer as well.Lots of people seem to think Detroit is overly reliant on the automotive space, but that hasn't been the case for at least a decade.

Jeff's post is one of the most clear and concise summaries of the investor memo i've seen.We do this on a consulting basis for clients and everything he includes is something we go through step by step when creating those memos.It's not rocket science, it just takes some time, research, and analysis of the market in which you plan to work.I've always found that my successful clients were those who could show potential financiers how they were successful on previous investments, and how those same qualities relate to the job at hand.If you've taken just one home and rehabbed it for a profit you should make sure your potential investors know about that process and how you'll apply it to the property which you are asking them to invest in.For some additional finance information and articles on small business setup see http://www.examiner.com/x-22012-Seattle-Small-Business-ExaminerGood luck.

Big bank or discount one like Rocket?

The thread took off like a rocket down several paths that it wasn't intended at all and if nothing else has created a lot of concepts surrounding 401K's in general. 

Or it could mean nothing. when your investing any small edge you can get, can make your deal a rocket ship.

It's not rocket science.  

If you have never bought a note before, its not rocket science but you need to have some experience.

The real estate market is certainly going to stop going up like a rocket. soon.

So their income goes up while their expected holding costs go down.This is not rocket science, but can be made much more difficult when interests are not aligned.  

I live in the D.C. area where prices are sky-rocket so it made sense to look into Baltimore although the city has it's own set of problems.