REFI with higher rates?

[David K.]

I like to raise rents lightly every year, that added with small principal pay downs, I REALLY like cash out refi's where I can then buy more property.  Problem now is that rates are much higher than before.  Recently quoted on 5.25% on one, where I'm only paying 3.675....Tough to leave too much idle cash in a property but a real kick in the nuts paying a much higher rate!    What do you all do?