In reality the more expensive the house the less the work.

If it's the case that you are in an area where this is a consistent problem, it may be better to install a whole house surge protector at the main panel.

Things like this are why it's important to work with a professional who is well versed in real estate taxation because the "common/simple" strategies taught frequently like BRRR or house hacking actually get fairly complicated when it comes to handling it correctly. 

It's not that I have zero cash, just not enough on hand to close the deal on my own.Purchase Price: $275kRehab Cost EST: $130-$150kARV: $550k-575kLake Front house w/dock (a huge incentive on this lake)I have a little over $30k available but don't want to drop much lower but also hate to miss out on this opportunity.  

Suggestions like driving by the houses weekly are silly, such trips serve no legitimate business purpose. 

@Kristian Forbes Short of doing another house hack or negotiating the purchase price down a fair amount, I think that's going to be a tough one to make the numbers work.

House is well equipped with everything you need.

House hacking is a great way to get started.

If you are selling your house here where are you going to live?

Memphis is definitely a solid market known for steady growth and affordable housing.