This is prime real estate, and is just about the last piece of land in this area.I have begun to develop a commercial property that I own with contractor garages, which is the extent of my experience in this space.I'm trying to get a sense of how to structure something like this, with using LP's, and also partnering with a builder, and carving something out in that regard.Does anyone have recommendations on who is currently working in this space and could provide some insight?

Best of luck on your real estate future, it's been a fun adventure for me!

You can simply request a separate check for the $100 increase to bring the total deposit in line with the new rent amount.

There is currently not a mortgage on the property, but due to the s-corp ownership, refinancing is not going as easily as I'd hoped.

But in general, your biggest risks are not necessarily what's the maximum rent you can get, but can you find a reliable tenant that will always pay and pay on-time.

The meters are rented and the monthly fee ($7.50) can be charged to the tenant on their statement. 

Hi BiggerPockets Community,I’m looking for advice on breaking even or generating positive cash flow with my studio condo in Prospect Heights, NYC.

@Ricky R. welcome and congrats on getting started on MF. 

Although I've considered a future line of credit against the property as my best long term option, I would need to pay down the remaining balance first.

The rates beat hard money and it's all online.