Sounds like I have a tough pill to swallow but I'm glad I found this forum for this exact reason.

You do care what your interest rate is.You want the lowest interest rate possible.If the difference between 6% and 9% interest on $150,000 is $9,000 and $13,500, which is a difference of $4,500.The additional $4,500 may potentially only provide you a benefit of $1,500 as a reduction in tax / increase in tax refund.You are still on the hook for the remaining $3,000 difference.

Thankyou everyone for your inputs. does having a family trust and putting properties in trust’s name rather than individual name also helps on liability reduction similar to LLC? 

I was about to say todays rates with no points on that scenario is in the high/mid 6% range.For a refinance, its a combo of rate drop/payment reduction and the loan costs for the refi. 

HI Kev, we helped a lot of luxury STR investors this year utilize the accelerated deprecation tax incentive, I would actually suggest checking out the bigger pockets featured tax preparer section and sine it's likely a considerable reduction definitely not try and do it yourself..the investment in high quality reliable tax advice is essential to any investor tool kit. 

My business partner spent over six months negotiating with the seller and we ultimately purchased at a 20% reduction from asking price.

Can anyone point me towards an online calculator that will show how much sooner we would pay off our mortgage if we divided our monthly repayment amount by two and paid that amount (half of a monthly amount) every two...

My business partner spent over six months negotiating with the seller and we ultimately purchased at a 20% reduction from asking price.

A 100bps interest rate hike is equal to 5-10% reduction in asset valuation give or take.

Obviously this doesn't make a lot of sense from a cash flow basis but if we were to refinance it later on at a lower rate, after we do some upgrades, that could significantly help us but the reduction in cash flow is concerning.If we take the equity out and truly Brrr it, then we are doing better because we avoid the lower value mortgage but can finance at a higher level after reno.