Really great intrest rates, 0% down payment, no PMI insurance, no appraisal, no inspections. 

My question is, do I need to create an escrow account for that LLC to separate out the rent as it comes in of the other operation funds or does it matter?

This can be advantageous because it often allows for more flexible terms, such as lower down payments and sometimes even lower interest rates.

. :-)I originally requested $20-25,000 in funding preferably cash.

You will need to show proof of funds, though, regardless of using a contract or LOI or anything else.

The cancellation fee will be calculated at the amount of the last full month Management Fee rate multiplied by the remaining number of months in the term or until expiration of the existing tenant’s lease, whichever is greater.The background: I was using LSI Property Mgtm Corp to manage my 3 duplexes in Panama City FL. 

In a C class area, maybe check other comparable properties to see what amenities they have and which properties are getting highest rental rates.

We use Innago, and costs us nothing, and we typically wait 1 business day to get funds. 

Also, how would you work the current title without refinancing, as I have a great rate in the 3s?

Purchasing a non-performing note can provide above average returns in a relatively short period of time, therefore providing the capital to purchase more non-performing notes and "churning" the funds.