Also to grow the LLC in the long run where we are planning to proactively increase our portfolio which is the way to go ?

You'll find pretty much everything you need on this site to diversify and increase your portfolio.

@Seana Yates FYI, these issues/conditions should be covered in the Operating Agreement of the partnership. 

Leases of those properties increased 10.6 percent on the year, with 575 units leased compared to 520 last January.

I'm working on projects in florida and ohio. entitled or unentitled is a big difference. we typically look for land in larger tracts in columbus ohio for under 50k per acre. that's mostly rural land that is then entitled through engineering and zoning variances, a huge money maker if you don't do it. entitled land depends on density. lowest I've seen is typically 6 dwelling units per acre and highest I've seen in suburban markets might be 26. i think there is a lot of missing things to answer your questions like how big of projects, but I can give you a very recent lot we featured for investors who build a stacked triplex with us around Orlando and other markets in florida. it was a 43k piece of land on about .3 acres. through planned development you can get a duplex approved it was in poinciana in Osceola county. that's on the small side and it's hard to find land and it wouldn't really increase in value there but that's about 5k or less in fees to get that done. so all in 50k for a 2-3 unit. so 25k a door would be a good price to look at. normally as you buy at scale it gets much cheaper because you are doing all the value and creating something from rural land or wetlands, etc. entitled land typically sells for 11k-13k per door I would say on average in suburban markets on a national average. that is extremely difficult to track but we work with groups in land entitlement all over the country who co -develop with us and we create benchmarks that's more of an internal conservative and we push high density and multifamily to maximize profits on the exit once the project is entitled. 

It's highly unlikely you can file multiple claims in a short period of time on the same property and not experience a rate increase in the current market. 

Yes, USDA loans can be used to purchase multifamily properties in rural areas under certain conditions.

Now the seller wants to increase the purchase price or back out.

We fixed it up, increased rents, and now make around $500/mo.

You can always start on the lower end and increase your prices, but being realistic about your property and charging a competitive rate for the condition and location are the key to getting it rented it out, even if the goal is only to break even.