Mind experiment:  What if you got a mortgage for 50% of the value then bought another identical property with a 50% mortgage. 

All of the (3) leases are identical to that one.

There is a potential to build additional rental units (I'd estimate two identical buildings of 6 units each) or something else like storage units, etc.FinancialsMonthly income of $3,620 = $3,570 ($595 rent x 6 units) + ~$50 (coin operated laundry)  - Currently, 100% occupied without any room to raise rent as it's already near the top of the marketMonthly expenses of $2,299 = $405 (electric) + $70 (gas) + $56 (water/sewer) + $50 (trash) + $250 (taxes, see below) + $273 (insurance, what they currently pay) + $362 (10% property management fee) + $362 (10% capex reserve) + $181 (5% maintenance/repairs) + $290 (8% vacancy, see below)  - Taxes were $1,332 last year, but that was before all of the remodel so I'm estimating a future tax increase based off of the taxes I saw on other MFHs in the same town.- Property management: my uncle offered to PM the property for free for 12 months, and then said that it would be 10% of gross rents.

Two properties have identical NOI of $50,000. 

But, if they transfer their beneficiary rights to you, how would the lender know since land trusts conceal the identity of the beneficiary?

@Amy Verges, I am also interested in getting an insurance quote for 2 identical four plexes on the same street.

Like I said they appear very responsible and are aware of things and our side because two sides are identical.

I have another property almost identical, built in 76, that is very solid.  

***Whisper***Pros-Right over the bridge to downtown-Significantly lower crime activity in this area-new roof, new HVAC -in a short street filled with similar if not identical duplexes.

The lender's identity will be there.