set default my.cnf bind-address to localhost

So I started a server instance and thought, "wow, this is great!" But I can't access the database unless I bind my IP address similar to the Vagrant instance. 

I don't understand where the cloud['local_ipv4'] variable is set and thought even if it is set I would still want to tunnel using SSH into the box to connect to MySQL.

I think this is a better option. Please help me understand if it is not.