Seeing this everywhere, and rents are decreasing because people just can't afford the payments.

You’ll 2x compliance and cut stress in half.Build operational liquidity. 

I would underwrite with whatever the closest big complex is actually getting after concessions, then stress test your rents a bit lower and see if the deal still works.What parts of Omaha are you looking at and are you house hacking or buying as a straight rental?

If you mess up with the wrong color paint in a bathroom, no big deal.Commercials main issues to stress:1.  

I also email our tenants and give them 1mo extra than what the law says - picking up and moving is stressful and expensive, if they're going to move out, I want them to have and give plenty of notice. good luck.

At that point he would basically get his investment back that he originally put in, in trade for his monthly cash flow would decrease to pay back his 25% of the equity loan.

I’ve seen everything from same-week closings to multi-week delays depending on lender type, documentation, and deal complexity.Curious — what’s the fastest (or slowest) funding experience you’ve had, and what made the process smooth or stressful?

Given what you found, the safest approach is to slow down and treat this like a risk-management decision rather than trying to “interpret” the story.The recent charge-offs, especially an auto loan only six months old signal real credit stress, not just old mistakes.

That’s how solid rentals turn into over-leveraged stress projects.Refinance is a tool, not a milestone.

And the stress is beginning to surface.