These numbers can add up quickly.All funds must be in your account 60 days prior to the bank checking your application.

If that's the case then you can't charge a late fee until the 5th day of the month.

It all depend what each LLC is doing.If LLC B owns property in State  and receive rent in state B, it only needs to be registered in state B.If LLC A is just a holding, not doing business in state B, but just owning LLC B, it does not have to be registered in state B.The concept of using a holding LLC is multiple.First as you described, if state B does not give you anonymity, you can get the anonymity of state A by having LLC A listed as sole member of LLC B.Also, and it is probably the most important point, if state B does not have good charging order protection for their LLC, you can get the excellent charging order protection of state A protecting your LLC B for outside liability.Delaware and Wyoming are two very good state to get your holding LLC in.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

To clarify my thoughts I would recommend you find a Flipper that is local to your current market, work with this person as a mentor for no charge. 

(If so, they will probably charge you extra to bring installers out that far).

The chances are you are better off in the short run charging above market rent and then charging the tenants for utilities even if they waste water, gas, etc. 

What are you doing to cover your health insurance for you/family (if applicable)? 

Also, how often is an application fee required when applying for financing with private lenders?

I will give an example from a loan application that was unfortunately denied, from early in my career before I had the right amount of cynicism.