Will there be any long lasting negative effects to their credit? 

I'm hoping you're going to run a title search to verify that there are no liens in effect. 

I don't think I should count the missed principal payments as cash flow because that is in effect reducing my equity in my property, but what about the interest I would not be paying for those two months?

I don't think I should count the missed principal payments as cash flow because that is in effect reducing my equity in my property, but what about the interest I would not be paying for those two months?

It appears that it would be easier to move to your next project, and eliminate the red tape and hoops from regular banks, and eliminate the hard money guys.Has anyone used this strategy, and do you recommend any unsecured sources?   

@Joseph M'Mwirichia I'm not hedging a certain percent on the purchase price, I'm just keeping very conservative projections on rent growth and vacancies for Y1/Y2, and required reserves, which has the net effect of lowering purchase price to meet certain return thresholds. 

SecDef has a military travel ban in effect until 30 June. 

When Title II of the Jump Start Our Business Startups (JOBS) Act took effect in September 2013, Rule 506 of Regulation D was split into 2 separate exemptions, 506(b) and 506(c).The 506(c) plan permits issuers to solicit and advertise an offering, similar to crowd funding with restrictions.

Existing agreements with the tenants and previous landlords are still in effect, even after closing.

Imagine if you could not pay rent or mortgage (via househacking, for example) -- you've just eliminated your biggest expense.