I would also not tell the other employees of your intentions.

Their employees pay starts at the employers shop and ends at the shop .

For repairs and Cap Ex I use 5% of gross rents, each.  

Market rent on this home is $800 - $850 but we are renting it for $700 to an employee/friend.

.-  The employee I was dealing with is no longer with the company-   I did not send my reply letter via certified mail-  I have the phone records and the envelope the check was returned in. 

I chose to be an 'employee' of my mgt co from day one.  

I don't mind sharing my gross commissions  by year:Year 1 - $30,000Year 2 - $126000Year 3 - $250000Year 4 - $424,000If I would have started with the right company, with the right training, and just followed the steps they laid out, I would have been so much farther ahead.  

Salaried employees who provide the time for home study seldom stay at the bottom very long.

I think what you're referring to is the LLC Fee, which is based on California gross receipts.  

As Blair pointed out, I snagged a 5 unit for $207,000 that is grossing $3,615/mo with 4 units wayyyyyy under market rent (the caveat is that my partner and I put in $7,000 in reno to make the 5th unit habitable again).