That's your cost. 

Although the list may seem intensive, I look at it like this: The total cost of all these items can be much lower than the cost to repair a hidden surprise after purchasing a property to flip. 

Hard money typically refers to a company that has it's own underwriting guidelines, rates (9% - 15%), costs, draw process ect.

Mailing/emailing a notice to "start the clock" doesn't cost much and should be done to NOT lose time if tenant doesn't pay.

Far more costly to transfer property at a later point than simply purchase in an LLC on day one.

Quote from @Anthony Sigala: We are all aware of the 1% rule--the gross rent produced by a property must equal 1% of the of the property's acquisition cost.

That's not the same as paying cash.According to a different post, your credit card debt costs you $600/month.

Attorney’s Fees; Collection Related Costs; Jury Waiver.

Once application is finished you can run credit, background and eviction report for $15 your cost, or charge tenant I think it's $35.

Turbotax isn't going to educate you so unless you'd like to educate yourself and potentially make some costly pitfalls, then I'd outsource.