Plot hole: They aren't able to travel before the birth of their children or their children become different. Despite that, he visits his father one last time before their third child is born. His Dad and he then travel back to when he was a kid, which would have changed his first 2 kids.
Suggested correction: This is not necessarily inconsistent with the movie's time travel logic. Since Tim goes back in time to visit his father and inside that particular time travel, they use time travel to go back to a day where Tim was a child. Then, they return back to the original time travel where they're playing ping pong. At that moment, both of Tim's kids were already born. So, when he returns from the ping pong scene, there's no change regarding his kids.
Also, paraphrasing the Dad, he said they aren't going to change anything. It is more like reliving a memory than changing the future to get what you want. The Dad couldn't go back to not smoke before his kids were born because that was major and would have changed the course of his life; walking a bit differently on a secluded beach that you walked on in your younger days (as long as you spent the same amount of time - presumably) would not alter the trajectory of one's life.
The slightest change in 1 second of being on the beach would absolutely affect his kids. A man produces 1500 new sperm every minute. Altering the timeline and delaying every event that is going to happen by literally 1 second would most definitely alter which exact sperm was used when conceiving both of his first two children.
Plot hole: After blowing up the gate, the President turns on the TV news in the car...for no reason, other than for them to conveniently get the information that Channing Tatum's daughter is about to be executed, distracting him.
Plot hole: The same zombie who can smell through a vault that Gerry is not worth a bite, just minutes before couldn't smell the presence of three alive humans two meters apart.
Suggested correction: It's not until the zombie is in the vault with Gerry, after Gerry is infected, that it can smell that he "isn't worth a bite".