As rates go up, cashing out and refinancing is very unappealing.

Competitive rates.

Most times landlords don't have data or cannot adequately factor in vacancy time or turnover rate.

For example we invest in mortgage notes so we have an AI agent that only scans the documents we have and lists and if we asked a question like "who are our top rates attorneys in texas", it will give me the results vs. having to search files.

This home is not a luxury home so the insurance route seems overkill.2) Buy a worry free waiver and add it to the booking rate?

Assume my marginal income tax bracket is very high, and mortgage rate is 5.25%.

the rates increases have really impacted BRRRR.  

It is a big reason my last purchases were Dec 2021 when the rates were less than half of the current rates (I purchased $4m that month that I have already made ~$1m from).  

That's a very good point taking the potential further value decrease into consideration (like when running the ARV for pricing it out to the end-buyer), so it makes sense that, like you said, it would have to be a great deal.

The more you pull out the higher the rate.