It may or may not show on a credit report, depends on the servicing and you should have the loan serviced.Failure to include the debt on a future loan application is mortgage fraud, wanna go to jail?

Quote from @Roxanne Whitaker: Please be aware if you buy an investment property and do not live in MD, when you go to sell it you will pay an 8% tax at settlement. 

Now with the NAR settlement, all buyer commissions are negotiable in the contract. 

Settlement will occur throughout the life of a structure, although in most cases it will diminish over time.

Looking my insurance policy it mentions that I can opt for settlement under Actual Cash Value vs Replacement Cost. 

Most attention has been directed towards buyers and buyer agency in response to the agreed upon settlement which introduces the possibility of fee shifting depending on whether a cooperating fee is offered.

If they qualify as tenants, you might need to honor tenant rights or negotiate a settlement to vacate.Market Potential: A two-family home and a single-family unit could be a great income-generating property post-rehab or resolution.

This ensures that any settlement check will be issued to you AND the tenant - and that you can interact with the insurance provider.  

Your estate agent and the title company should be having them pay any unpaid water bills upon closing - this should be shown on the settlement statement.

Can you do side hustles, cut down costs to get rid of these debts?