The 10 mortgage limit: is it 10 LOANS or 10 PROPERTIES?

[Jeff L.]

I can't seem to find a definitive answer to this.

Some people say that the limit is 10 properties (not loans), so even if all 10 properties were under 1 loan, you would be at the limit. Is this the case?

Also, does it make a difference if the properties are under an LLC?

My lender thinks that if I roll my first 10 properties (current separate loans) into a single blanket loan, under an LLC, that I can effectively start over at 0 properties. Is this true or false?