If you are looking for proper guidance from someone that has house hacked quite a few times and has the knowledge and experience to help get you going in the right direction, I recommend reaching out to @Josh Green.

Take your time and don't rush into anything.

waste of time utl is not reponsible.. turn it over to insurance

Either way I'll find a deal... it's just a matter of time. 

With actual cash, you just transfer it. yes, but you can still bid with lender approval - without appraisal contingency - you send in deal (app), it gets approved by lender its functionally the same as cash (except in true lightning speed situations where there is a quick auction with little time to prep but thats generally pretty rare I'd think)Right, but that's not cash or functionally the same as cash because the lender can change the terms at the last minute, as often happens with less experienced hard money lenders.

I see you are in the State of Georgia and it is a great place to invest.I’ve been in this space for a long time, coaching and investing, and I love helping people get started.

But, if you do evict AND they request a hearing then the judge MAY interrupt the partial payment as acceptance of rent and therefore you would have to start the process over at the beginning of the next payment period.

I learned too late, you still have time. 

You are missing my point on taxes.Scenario 1:  Your partner buys the house at the same time you put your cash in.  

Unless you're monitoring these regulations full-time, it's easy to make costly mistakes.