Building homes for rent

[Randall D Cheney]

We own 30 acres of developable property. Because of the current zoning laws we are limited to dividing off only three lots of any size. Our original plan has been to sell 3 lots and 1031 into buy and hold fixer uppers. We've recently been considering building new homes on the land instead then renting them out long term. Can someone help us think through some pros and cons to this idea?