203k Loan and Property

[Ayden Jai]

Hello, I am fairly new to the real estate game and learning as much as I can. I’ve been trying to come up with ideas to create cashflow as seem less as possible. I already have about 2 acres of land paid in full (corner lot, creek behind it. One of the ways I was thinking to qualify for a 203k loan to build 8-10 RV gravel parking spots and a bathroom/shower station making the site a campground. Correct me if I’m wrong but I think for 203k loans you can acquire funds for property + renovation cost and have up to 4 units with one being a primary residence. I would like to use that loan to build my park and create cashflow and if funds are left acquire a property for cheap. Would I be able to do that? Or does it make sense to generate the cashflow from the RV park  , first pay the loan back, then take out another loan and buy a house?