I've spoken to my attorney about this and he said this could cross the line into mortgage fraud.

A major advantage of have property in a land trust is concealment of the true owner's identity.

@Dan Goeckel I do not use them for rentals as I had difficulty reaching them on a fraud claim a few years ago.

My title company told me if we transfer to an LLC where ownership is identical, the title insurance originally purchased at closing continues to cover us, but once ownership interest changes, it does not.3) @Sean Rooks gave you a great investor list. 

Property ownership and mortgages are also public records, so hiding your identity is very difficult.  

Materials were identical.

You stated, "as I would be obtaining a primary residence loan", but isn't it a federal crime to commit fraud on a mortgage application by claiming a rental will be a primary residence?

Rates are almost identical to primary rates as long as credit is fair to good. 

The ARV is at $240k (there is a direct comps from an almost identical property few doors down sold recently). 

But the real owner would be able to prove fraud and regain the property later on.