If I am Preapproved for $200K can I get seperate loans totaling this amount?

[Kevin Beres]

Hello everybody. I have a questions about conventional loans for mortgages. I have a preapproval for $200K. As an investment strategy I want to buy two houses, one to live in and one to rent out. If the mortgage for both properties came to under $200K would a bank approve such a thing? How are two seperate mortgages treated compared to one mortgage for the same amount?

If someone could let me know if such a plan is realistic I would be grateful.