Various ways to use raw land

[Joshua Morton]

Hello,

     I own 110 acres of raw land free and clear that percs.  My county just passed an ordinance saying you cannot sell land zoned for farming to a builder with anything under 3 acres.  I have a friend who is a GC and we have been talking about taking 15 acres and putting 5 houses on 3 acre parcels for sale.  

     I am also interested in mobile home lots because I could take several acres and create a MHP, sell the homes and have lot fees as a source of cash flow.  

     I feel that with the amount of acreage I own, I could do both of these options but I don't know if I should just stick to one of  them.

Any feedback?