I have invested as a LP in apartment communities where there is a partnership between a government agency and the ownership group to provide affordable housing in exchange for tax abatements and long-term, low-rate government funding. 

The ONLY two ways this happens is either the current mortgage subordinates to a new first lien or you sell a large percentage ownership to an equity partner.  

For a free financial software program also adaptable for real estate ownership you can use WAVE.   

I went the other way I was selling very tough to sell Land in Northern Ca. national forest areas (Mendocino) my fee was 10 to 20% and sometimes higher.. these properties are common in the West.. where you have private ownership surrounded by National Forest lands..

I'm curious about how challenging it is to take ownership of these properties given the city's tenant-friendly policies.

After that, the LLC could potentially gift or sell the property to you, which would likely trigger capital gains taxes.Another option could be to transfer ownership gradually through gifting shares of the LLC to you over time, which may help minimize tax impacts.

Can the LLC rent from you then change ownership of the LLC?

With the father not having ownership in the property, this type of enticement would have zero effect. 

Best thing to do with subject to is to have the seller transfer ownership into a land trust where you are the beneficiary of the land trust.

They are effectively like any other syndication (by definition they are a syndication), but put in place a legal ownership structure to accommodate 1031 proceeds.I understand why they have higher fees than the typical syndication, given the complexity in their ownership structure compared to a "typical" syndication.At the end of the day, any return from a syndication (typical or DST) is going to be primarily driven by market cycles.