Anyone Purchase 2-4 Units with Conventional & Renovation Loans?

[Bob Asad]

The local bank allows me to purchase 2-4 investment units with a 30 year conventional loan + renovation loan for all fixes with 20% down 

The renovation loan is kept in an escrow and paid to the contractors as the work gets done.

Anyone buying 2-4 units and doing it this way? (Instead of complicated private money or hard lenders)