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

Good writeup, I think you are spot on. 

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

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.

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.

I'd also add to that that you are paying a 20% withholding tax on gross rental income. 

That said, I'm grateful for the alternatives you present--you're keeping the bottom line in mind, so I appreciate your help in exploring options that achieve the bottom line for the investors. 

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

Quote from @Jed Butikofer: Quote from @Henry Clark:   On line look for property listings that aren’t in the auction  I have researched as you suggested and found a pretty good understanding of what these property tax sales are and it looks like a great opportunity.