No, you will get hit with a hard inquiry or two with a mortgage (on each credit reporting agency), and it will show up as a new account, however since it is a mortgage, not a new revolving account (credit card), the impact on your score will be virtually non-existant (or at least that's my experience).Go out and open a couple of new credit cards and you will take a hit on your score (it really depends on your credit profile),,but  new mortgages don't hurt.The only problem with mortgages is you now should count your rental income in your 'total income" if the mortgage is showing up on your credit report  when applying for a new credit card, car loan, etc.  

Section 604 (a)(3)(E) & (F) of the Fair Credit Reporting Act states:item subsection “E” says…Intends to use the information as a potential investor or servicer, or current insurer, in connection with a valuation of, or an assessment of the credit or prepayment risks associated with, an existing credit obligationIn addition, subsection “F” says…Otherwise has a legitimate business need for information in connection with a business transaction that is initiated by the consumer or to review an account to determine whether the consumer continues to meet the terms of the account.The full document can be found here; http://www.consumer.ftc.gov/sites/default/files/ar...Does anyone have any instances they could not or should not do this? 

Anyway, my real estate investing plan (as it exists today) is not focused on rapid growth, neither in terms of properties or wealth.  

Maybe you should read some of the other existing BP posts regarding service animals.

But if one exists, the hardware must work and the door must function properly.

Foreclosures and short sales exist in DC.

If you know that in X number of months your existing leases terminate and you'll boot the tenants to rehab, it's really no different than any other fix and hold strategy. 

As a newbie investor, going with SFH or even a condo in a very investor-friendly HOA, if one exists in your area..

There is a reason why the saying "starting house" exists. 

Too many obstacles for the investor to make a profit.Lease option with an existing first and second?