@Henry R. this business is all about putting one foot in front of the other and continuing to move, so cheers to you!

I work on sophisticated imaging systems for early detection and prevention of foot ulcers/amputations in diabetic patients. 

If you use that parcel as a comp, you have immediately shot yourself in the foot before you even get started.This thought process is the same in an urban environment, but the tract size is fractional (dollar for dollar) so the development costs as a percentage of project cost will usually drop (making it less influential).Sitting on land has its disadvantages:- Property Taxes- Insurance - Maintenance (grass?)

I think we paid 8k about 10 years ago for an NJ well but it depends on depth it is costed per foot.

It was hard to put my foot down during the conversation and I took a lot of long pauses to explain my position.

Thanks to @Michael Albaum I went ahead and added average rents, average unit sq foot and an average price per sq foot.

My concern is the average rental price is around $1 a square foot as of now in the area so renting out to a single family may not net me enough to profit on it in the future (of course if home values remain steady).

Is there an industry or area rule about how one type of property will rent per square foot compared to another?

I have a 5 year background in automobile sales, so I believe I have framework of the correct skill set for a foot in the door.

I agreed, even though she has yet to step foot in my remodeled house 🤦🏻‍♂️.