But, if the units and amenities are basically the same, then when the rent agreement comes due, propose the same rent structure.As landlords, we need to continue to keep rents in alignment with the market.

At this point in time while I appreciate your recommendation to build,  I have no interest in continuing to be invested in Cape Coral and was simply inquiring about local retail market conditions. 

Are there specific pros and cons I should consider when it comes to refinancing, forming an LLC, or even continuing with the rental given the negative cash flow?

The real estate investor has advertised on this site, and continues to advertise joint ventures and private money deals in multiple states.

But they still continued to ignore my e-mails.Justin Wilmot is really a phony person since he keeps ignoring my e-mails.

Refinance & Recycle EquityAfter acquiring a few properties, refinance to pull out equity and use it for future purchases, allowing you to continuously fund new deals.By leveraging these strategies, you can scale quickly without relying on your savings alone.

If I was able to continue to invest in my backyard I definitely would. 

The goals to make this easier for the landlord to incentivize them to continue to rent to you so that you can run your business out of their unit. 

I'm hoping to continue learning and offer value however I can in this forum.

After that I plan on continuing to invest in MUP with a conventional loan or transition to SFH.