There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you are looking to connect with other members near you, or want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/users

Or does that mean this market has something unique that reduces expenses and makes a property profitable with 60% of the rent going to debt service?

In California pools are HIGHLY desired an a huge selling feature.

Welcome to BP Charles.Need to search the multi threads and begin reading, there will be tons of information to digest.If you're new to RE, start off with a text book available on Amazon designed for agents to take their exam, you need to know that stuff, the basics of RE.Go through the site and the headings for topics, you can ask specific questions in the appropriate thread, there are feature that alert those that monitor those threads, at least some of us do.

Well thanks to @Joshua Dorkin and his great team, I can pose such question and hopefully create a fun and educational discussion.Look forward to hearing everyone's unique feedback,Damir Kamber 

Based on this calculator your 10k investment would be worth $11,292,700http://www.moneychimp.com/features/market_cagr.htmI'm still a fan of real estate, just know the realities of the other asset classes.

They typically include such things as labor, materials, basic building services, shell features, interior enclosures, fit-out costs, and basic mechanical and electrical systems.

We are currently working hard to add some new features to help your day-to-day for Q2 like eleasing! 

Or do I need to have a unique Use and Occupancy license for each property I buy? 

#1 Miami, Florida With regards to world-class amenities and delicate feature draws, there are couple of urban communities in the U.S. that can contend with Miami.