I have heard that Detroit has a lot of potential right now.

It's been a cash cow that's appreciated nearly 500% but I feel like it's reached its maximum investment potential, at least for me.

I think overturning some of them will include getting some of the nearby lots to vote on it as there is a clause stating that that's allowed.The thing that scares me the most is regarding the stylistic stuff -- there's a clause stating -- "The homes shall be harmonious with and reflect the exterior design characteristics of these homes already erected on the property" and that combined with -- "it should be lawful for any peron or persons owning any real property situated in said tract, to prosecute an action or proceeding at law or in equity against a person or persons either to prevent him or them from violating these covenants or to recover damages for such violation"My RE lawyer friend said that its such a broad clause that it could potentially open you up to getting sued if a neighbor really wanted to depending on the stylistic choice of your home.

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?

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.

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. 

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

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

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