I pay 7%, full months rent for finding a new tenant, flat fee ($100) for processing a renewal, and half-months rent if the PM manages (eg; gets multiple bids, contracts out the work, etc.) any turn-over repairs, or I can do that on my own.I've got 10 properties with them and average 2 vacancies per year, so my effective rate to them is 7% of rent-roll + 2 months rent + $800 + 1 add'l month rent (2 x 1/2) for managing turnover repairs. 

The scenario that they are trying to prevent by having multiple LLC's, is if a person is injured or killed on their property and they are found liable, they can only come after the LLC and whatever properties are under that LLC.

Should one LLC own multiple rental properties? 

That fine as I have two speaking engagements this week, one at the SDCIA group and also at the Foothil Bar Association, both in San Diego area.I agree with you Dennis.

I probably could talk them into multiple properties.  

I was reading around because I'm looking into seller financing on multiple family units.

After getting engaged in December, my fiancé and I decided to sell my house rather than selling her recently purchased home.

We love it here in California, but do not think it's appropriate to buy here, since I could get multiple income generating properties for the amount I would need to purchase our primary residence here.  

And I'm going to continue to engage and learn as much as I can from getting out their and from engaging everybody on BP.Thanks =)

You are always plugged in to all the markets and can see the differences and how things can actually be transposed in multiple markets.