Quote from @Jalen De Leon: I've heard many people getting an LLC and using it towards their rental properties.

If they have been accepting payments from the new entity for 2-3 years haven't they accepted the change de facto?

There is another option though which is the Series LLC or Delaware Statutory Trust for California investors.

Sub to is soup de jour so everyone is jumping in on the action big money in training. 

You're conspiring to de-fraud your lender, since you are presenting them an inaccurate picture of your finances. 

Being that it is a shared wall dwelling have been running on assumptions of around $200k maybe a little more due to good neighborhood, large yard and garage with mostly main level living at the end of a cul-de-sac. 

This can de-incentivize acquiring residential property for profit.  

I'm not sure in Arizona but this happened to us in Delaware. 

I have read that Nevada, Wyoming, and Delaware and a few others have the best protections for single entities.

If you buy a property at a price that is based on the current rents and then are able to raise rents and add value, you de-risk the acquisition substantially by walking in with built in equity (and can make a bunch of other mistakes because your added value covers you).