Looking for the best strategy in current market of 10 acres land.

[Yenlan Patton]

Hello fellow investors,

We purchased of 10 acres land with mobile home in it few years back in 2012 in venus TX. close to Midlothian TX. The mobile home is still livable maybe need to some update now. its 1997 years old mobile home. We have been renting out this property and have made few repairs during all the years such as brand new roof and new complete AC system plus water heater. With all now the housing prices keep moving up, now we ready to do something about it so we can make little more money and were thinking to subdivide by 2, build the house and sell it. We have talked with the realtor that we sold that property from, now she just gave us the info, said the property under 60-70% flood plan (100 years flood zone) even though it hasn't never flood. She didn't told us when she sold it to us. Ive talked different other realtor, she told us it would be better sale as is. If you guys in our shoe, what you would do with this property ? or keep renting it ? Thank you.