Unfortunately, breed bans are difficult to overturn unless you mane it personal... maybe get a couple "bombproof" dogs from the local breed rescue for a meet and greet?

Now these are the options lets paint a little picture... when it comes to market investing, holding for a long time no matter the risk/reward of the stock, usually equalizes the return because over a longer holding period the ROE usually ends up in the positive.

For sale By owner.ARV=210K Comps 1) 189k within 6 months 2x(2/1) 2)203k within 1 year 2x(2/1) 3)239 within 6 months 2x(2/2)Rental income would be about 2600 a month but being conservative I assumed 2400.Expenses 2016 taxes =4583Insurance = 150 a month so 1800 a year for closing.Cap ex= 2400 for one month overturn Repair costs = 15K for new ac and roof.

As @John Warren, said you're getting a pretty terrible ROE.

@Russell Brazil yes I have won one specific performance suit.. but vastly different set of circumstances.the seller was losing the property and needed 40k to cure the tax ( property tax) default or they were going to lose it .In Oregon its the only state I personally know were property lost for non payment of property tax's escheats to the state.. no public auction no overage no right of redemption other than the county commissioners can over turn it down the road.. that all said there was no time to do a formal escrow so I did a Purchase and sale contract.. gave the seller 5k of non refundable EM and handed it to her.. 

For example, if you see 3% appreciation, your paid-off property increases in value by $3k, your leveraged properties increase in value by $12k--quadrupling your Return on Equity (ROE).

These markets tend to 'compress' and limit the ROI/ROE for a rental - so they tend to be more amenable to flipping. 

If you are unable to find an issue there, then check the Rules & RegulationsIf the paragraph disallowing this type of rental is in the first three documents I mentioned above, then this is the type of thing that you can petition your neighbors to overturn. 

It affects cashflow, of course, but it's even more apparent with appreciation and your Return on Equity (ROE).

But as you wait to deploy that capital, the return on equity (ROE) is very low.