Cape Coral Build Lot Selection

[Chad Kinsley]

There has been a ton of talk about new builds in the Cape Coral, FL area. This will be my first rental so still learning. I have talked with a few of you separately but wanting to know what criteria you looked at when deciding on a lot? More specifically I am torn between water or dry lot. Is insurance and maintenance higher on a water lot? The lots I have been given are the same price for water or dry but I am being told it's about $5K more for grading the lot for the water lots. Also told a water lot will bring in at least another $100 a month in rent so the CoC return is better with the water lot. Looking for pros/cons of dry vs. water and anything else you look at before deciding on a lot? Thanks.