Is this critical knowledge to have?

I phased question about "Detroit"Please consider the source.

That is going right to the source and any other site or service would be pulling the information from the same place

A realtor or list source.

However...There are a lot of critics that swing one way or the other - many say a Trust is not needed if it's in an LLC, and vice versa, so form your own opinion based on what you see and reach out to your real estate attorney to come to a decision.

Our topic this Thursday will be a discussion with Jake Reed on Funding Sources and Self-Directed IRAs.

They may not be able to qualify for the financing for up to three months after the first transaction.I have a few local sources that might fund this depending on the specifics.  

If he has other sources of cash flow he could hold onto it for a while but as you said, equity is very market dependent.  

double check income source.

But if you are looking to build wealth through a rental portfolio, you'll get better results in markets outside CA.I work mostly with foreign investors who want to invest in the DFW market, sourcing off-market properties, rehabbing them and then property managing them.