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Rolf aready gave it to you:

In a word - Yes. AND they will only allow you 1/3 x 3 IPs rent as your income for serviceability - so you hit a wall.

Yes, Bill is right here! You will be "jointly and severally liable" for the debts - meaning that if you want to buy again in your own name at some point in the future, then the lender will see YOU as being responsible for the WHOLE debt AND only being entitled to 1/3 of the rental income as...