Please Clarify Rule on Max Number of Mortgages

[Devin Wanzor]

I currently have 9 properties that are owned in a partnership with one other individual. We own the partnership 50/50. Of of the 9 properties, 6 are financed on a commercial loan together, and the remaining 3 are financed on a commercial loan together. The loans are in the name of our LLC and we personally guaranty the loans. These loans do not show up on our personal credit reports.

I am wanting to buy a SFR as a rental in my own name and finance via a conventional mortgage.

I am having a hard time determining if I am going to run into the "4 financed properties rule". Can anyone clarify this for me?

I have ownership in 10 total financed properties (my primary residence is financed on a conventional loan, and I own 50% of the 9 properties financed via 2 seperate commercial loans).

Thoughts?