You also need to consider what you have in your personal accounts. 

You have half the cash that you need, it probably is a bad idea to raid your retirement accounts due to the penalties you would incur. 

There is no fee to open account and you can look up by interests.

My question is, can i used $40k of the 1031 for the down payment, and then use $10k to help fund the escrow account? 

I assumed meter accounts so I went with $60/month for a 3 unit.3.

Submit on my website and we ACH deposit into your account Inspection required to verify work completed Day 1: request Day 2: inspect Day 3: wire funds to investor (business days) DP Or Reserves required Minimum of 6 months liquid reserves - Checking/Savings-MMA/CD/etc.

Pick different potentials in the same investment market...run the numbers before and have a list of what you need to know or look at, then run the numbers after...depending on the property and intent use one of the calculators on this site for every one...work it as and then use the tool to calculate what it would need to be  --  if they are the same then it might be the right deal.Once you have this then you can move to other surrounding markets easier...just make sure you adjust your assumptions to align with that market.One final note and this depends on your area, here in FL you have to account for what your property taxes "will be" not what they are. 

And they want me to move all my primary banking accounts (checking/savings) to them first before they'll lend.Is this common? 

Account Closed I love to see your enthusiasm and being pro-active.

Paying them separately gives you a few extra months of letting the money sit in an interest bearing account but that's about it.