What I found interesting is the ban on demolition of single family for transformation into multifamily, as well as a restriction on structure size increase at 15% I understand that this is to help preserve neighborhood character, but seem that it may encourage “slumlord-style” splitting of single family homes.

This would leave him with 75% ownership and me with 25% ownership in the LLC that now owns and interest in the syndication restricted to accredited investors that I wanted to purchase but would not be able to since I could not be verified on my own.I believe if my Dad and I formed the LLC together to start we would not be able to purchase the units in the syndication as 506(c) requires verification of all members in the LLC at the time of purchase.My first thought is that this strategy wouldn't technically be allowed under the law because it is basically the same thing as the example right above but how would anyone ever really find out if my dad later sold me shares in his LLC? 

Do they have the proper insurance, are there any big assessments looming, is there a restriction on the number of non owner occupied units, etc?

Rezoning to R-1C would have no maximum coverage restriction.   

If you so choose to pay off the line of credit, there is no restrictions on how much you can put in as lump sum or how fast you can pay it down. 

Marketing expenses increased 149% year-over-year, driven by elevated spending related to our brand advertising campaign.

It has an income restriction for qualified buyers, and is also deed restricted.I have excellent credit, and significant savings, and meet all other qualifications to purchase, however due to the non-profit nature of the position I have worked for nearly the past 5 years, my current income levels do not qualify me for enough to purchase conventionally.   

We run a lot of cold calling campaigns for investors as well as real estate teams, so shoot over any specific questions you have (we're not Filipino sorry).

I noticed there are some restrictions on exchanging numbers on this forum?

The alternative is to create and execute your own marketing campaigns, but I truly don't recommend this option!