The schools were similar in ratings and properties pretty much identical.  

My current numbers on my property are purchase price $146,000 / monthly income of $2,600 (with about $600/month in maintenance) / cap rate of 16%.I'm currently seeking advice and pointers on how to go about finding a good, dependable lender that would like to benefit from me scaling up identical opportunities in the area I've found.

Your game plan is almost identical to mine.

I am in almost identical life situation and looking to do what you are doing!

If the rate is identical between the two, there's no reason to go 20 if you can go 30.

Two identical buildings on one piece of land.

How realistic is that going to be if there 30 other identical homes vacant in the same neighborhood?  

That being said, a lot more yellow letters go out these days in general, giving away to the prospective sellers that maybe they are not actually hand-written, since they get almost identical products from many buyers! 

If so then you may/could be entering the realm of a non-arms length 'identity of interest' deal & potentially mortgage fraud, so any fear of a taxable event would be the least of your problems.

But I think it would actually take me longer to do given the loss of one of my financing legs that I had during this run.IF I could have that back, then I could probably add 4 or 5 houses a year instead of the 3 that I've been doing over the last 5 years.Knowing what I know now, I don't think anybody thats done over 10 deals wouldn't be able to at least get back to where they were provided their financial condition was identical.