5 acres in a hot market- how to make the most of it?

[Von Criswell]

First post here-hi!

My friend has 5 acres with a small home 20 miles outside of Austin.  Developers call her daily with offers.  She currently holds a mortgage on the property. 

Judging by the happenings in the area, it seems developers would turn her 5 acres into several single family homes.  

Is there a way for her to sell the properties and maintain some ownership?  How could she structure a deal that would provide her long-term income?  This property is her biggest asset- how can she maximize the opportunities flooding her phone?