Experienced investor needing thoughts.

[Perry Ivy]

Like stated above, Im not new to the real estate game, however I am needing ideals concerning 12 acres that I'm purchasing. Details: 12+ acres and a four bedroom house. Price: 132k Zoning front is zoned c3, middle is c1 and the back is r1 Location class: C Intent: build an elderly housing community. This property backs up to government housing, a 55+ community and an open field. I want to do a gated community and am considering single floor two bedroom, one bath, wheelchair accessible housing. With my residential license I can build a fourplex, so I've considered building four units at a time. I have good credit, cashflow and relationships at the bank, I just don't know what is involved in putting this community together. I've considered growing it slow, to minimize the risk, I just don't know if that will hurt or help. Does anyone know if there is government monies available for a project like this? My heart is set on helping the elderly, do the usual investing strategies are not working for me. Thoughts and ideals would be appreciated.