Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).

Pros include securing the desired property and strategic planning, while cons involve higher costs, financing challenges, and complexity.

They are usurping your property for the benefit of the public.

Have they ever been to a public pool, or water park, or hot tub at a resort or gym? 

I recommend being anonymous.In some cases if you have a PM, let them advertise it as their own.If you have an llc then the lease and payments go to that.While I do introduce myself to tenants, I don't advertise I'm the owner publicly.

My strategy would then be to lease at least two of the renovated units, increasing occupancy to 90%, which could improve the chances of securing favorable terms for refinancing.I haven't pitched it to the seller yet.

It's not an effective strategy but a lot of investors believe throwing in high end appliances in itself secures a buyer. 

Exterior security cameras.

If curious, here are the last two: Jan 2023: Multifamily Real Estate is At Risk of CrashingFeb 2024: Multifamily is at High Risk of Continuing It's Historic CrashI think that the title for my 2025 analysis (likely Jan/Feb publication will be something more like:Multifamily is Finally Going to Hit Rock Bottom in Q2/Q3 2025 - Get Ready to Buy a LOT of itAs usual, I like to publish my draft thoughts here to get input from key players in the space and these forums, especially folks like @Brian Burke, to see if I am missing any high level areas, before I get into the weeds and look at the data more deeply and regionally. 

Im looking to secure financing for my real estate business.