Costco Visa is 2% cash back, but they also add 2 years to warranties, significant for appliances.  

If you take out a mortgage personally and transfer the property to your LLC that you control, you should be exempt.Also, if your loan was conventional; Fannie Mae recognizes the legitimacy of a QC between the mortgage holders and the LLC so long as the LLC is controlled by the borrowers; If the property was owned prior to closing by a limited liability corporation (LLC) that is majority-owned or controlled by the borrower(s), the time it was held by the LLC may be counted towards meeting the borrower’s six-month ownership requirement.

@Jeffrey GrieshopYeah, it would be great info to have, but unless the current mortgage holder gives you the info or permission to get it, good luck. 

When the QI sets up the llc aka the exchange accommodating title holder it is an unrelated party to you so you can sell the investment and buy the condo.

A Holder is generally looking for deals they can rent over the long term to earn a great return on their money.

Most of the times the electric bill follows the account holder. 

It's more art than science, but here are some considerations:Landlording Climate - I'm a buy-and-holder, so I'm looking for markets that are landlord-friendly.

To make a long story short I could borrow a large down payment at no interest (Bank of Dad), and get WHAT I WOULD ASSUME WOULD BE a great interest rate since I would essentially just be taking over the payments of the current mortgage holder, who has good credit and a good rate.

I use a 30year as a place holder for his financing because I don't know what kind of terms he is getting and in my market there is a good chance I would be selling to an owner occupant on a 30 year conv. or FHA on the MLS. 

Can you be put into 2nd position with a Note & JV agreement with someone who isn't the title holder of the property?