They would also be happy to receive more rent each month and have someone potentially buy their house for their desired price of $1.3 million.

If you keep in Dad's name, just make sure that he does 1031 exchange out of any potential sale in the future if you don't want to write large checks to Uncle Sam. 

Or you could potentially partner (although I much prefer private loans).Or would the seller consider offering seller financing for six months or a year maybe?

Hey looking for multifamily 20k down cash flow 200 - 300k a month c class neighborhood high rent growth potential  

How do I position my offer to show some immediate annualized returns while waiting for the potential larger exit to a developer?

And, if the home has, at minimum, retained its value then 8 years in loan payments should have reduced the debt therefore creating a potential profit when sold. 

Purchase price: $230,000 Cash invested: $20,000 Long-term rental property with high appreciation potential.

They like to get the highest pref possible and equity multiple potential because income is not that high to grow liquid and net worth so they want it working to the max.

Potentially get a commercial loan or HELOC against the properties to fund additional deals.Future: I will have all the debt from the prior renovation paid off this year from the rental income.

@Ryan Williams Nice job, Littleton is a fantastic area for house hacking, just takes the right investor to see the potential, and I know that duplex, and there is plenty of value add for your client.