Also depends on the size of the property and how many units need rehab.

Depending on your level of income that can make a small or very large impact in terms of what you keep after paying Uncle Sam.  

If buying by owner can get you a great deal, hiring atterney to help you with the offer and stuff is worth it.We personally looking for a deal like that for a small multyfalimy in NE Philadelphia to beat the crazy competition.If you don't have kids yet, you might want to check out househacking a duplex. live in one of the units for free or almost free depending on the area for a few years, save for down payment on your next home.

Finding reliable GC's in Houston is already tough enough as it is, and the insurance work (depending on their level of payouts) could very well become the priority.

Depends- I an full-time real estate but have a property management company that takes up 75% of my work week.

It depends on how the private equity deal is set up.  

@Rachel Ash It depends on your goals.

Analyzing income and expenses will give you an idea of what kind of free cash flows you can expect based on your invested dollars.Globally speaking, ROI's can range all over the place depending on so many factors (purchase price, terms of debt, occupancy, rehab efforts etc.).

You can probably find someone to do it for $500-800 per house depending on the size.  

We work with several portfolio lenders, it all depends on what you're looking for - everyone has their niche.