What to do with a home on 2 Acres

[Jeremy Mattson]

Hi Folks,

I recently inherited a home in the Central Valley of CA. It's a modest 2/1 on a flag lot that is about 2 acres. It's zoned residential/ag. (I attached a satellite pic with the lot outlined) My wife and I are thinking of making it a rental. It's not a typical home so the issue we're having is figuring out the best use for it. The things we've discussed are: 

• Renting it as is. 
• Selling and using the proceeds to buy other (more standard) properties to rent. 
• Converting the back to RV/boat storage and renting the front out. We're unsure how zoning would work here, but there are two other RV yards down the road.
• Leasing the back as farmland
• Leasing the back as horse property
• Possibly subdividing and adding 2-3 manufactured homes as rentals

I'm hoping that someone with experience with this type of property could give us some advice.

Thanks!

-Jeremy