Some other factors to consider - How long are you planning to hold this property?

Her son is planning to move out of state for work, at which time she would like to downsize to a smaller home. 

Personally I like to do things the "right way" and if you plan is to grow you may be better off hiring it out. 

I've never taken one and don't plan to, but good to hear from someone that went through it.

You have a solid plan and it's working great!

Ask to see the approved final site plan for the first phase.

We are the kind of people who do not jump into anything without fully planning it out.

We also allow users to amend a post at any time with additional information by replying to that post again, just like what happened here.We have no plans to change how the forums work as it pertains to the deletion of posts. 

My recommendation to serious real estate investors is buy an opportunity in any segment, do the math (it's all about the ROI; some investors fall for the 'commercial' is more prestigious chest thump to find that losing money isn't very prestigious at all), and plan on proactively running a business. 

The plan was to buy a warehouse, lay down turf and hard courts and lease the space to local schools and leagues and host tournaments.