Family owns 12 acres

[Jerod Ellis]

My family owns 12 acres of land in Camden North Carolina.

After knocking the trees down, what should be the next step to creating passive income for the family ?

As a family should we develop an LLC ?

Also:

I was thinking a nice 1,500-2,000 Sqft home should only take up about .5 an acre.

So we should develop at LEAST 24 single family homes on this land.

I’d love to hear any advice or education on this great opportunity that I know my family has slept on for years