I think this discussion is silly even if it is just for discussion sake and people should just avoid this option altogether. If you have the income to secure 10 loans for 10 units, you don't even have to hide that fact from the bank.

As per example, securing 3 units without the means to finance the installment payments are just plain ridiculous. Unless you have a development which GUARANTEES immediate rental returns the moment you take vacant possession. Even that, it is not permanent. Without standby funds, all you need is one default tenant and there goes your cash flow. Imagine bad times, no tenants or rental value drops below your installment payment. Worse, value of property drop. You won't be able to recoup even by selling it.