@Bruce Woodruff did a good job with some basic numbers and it looks like a loser.Plus you are paying a premium over the average.

Most people would rather spend or save their money, so someone who is willing to invest it should be compensated appropriately.

And how much did you spend in the rehab?

The $200 you spend will help with your learning curve which you do not want to get from the CPA at $350/hr.

You definitely wont get an app like that for free, so how much would you be willing to pay to a company to submit it for you, vs spending 10 minutes once a month to submit taxes? 

Yes this method only works if #1 You make more money than you spend#2  You are willing to spend less than you make.#3  it works because people don't have discipline to pay their mortgage beyond the minimum.  

The investors I know finding properties on the MLS are making 30+ offers a week, embarassing offers, in hopes of finding 1 or 2 properties a month.Others are door knocking, cold calling, spending money on mailers to find off market properties.  

A lot of people spend their time doing this, but it's not a good use of time because it can not teach you anything relevant without seeing each one in person.

Better to spend $60-80k for a conversion than over 120k.  

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.