It's the cost of doing business if you don't want someone else to take your hard earned money.2) Occupancy permanently yanked?

@Adam GoldbergSelf employment means that you have a for-profit business activity that generates earned income. 

I don't have to but it's just quicker than calling my landlord having someone pass by etc.Houses and apartments are smaller typically. 450sf would make a 2BR in Paris.No A/C mostly.New and old constructions are nicer by all architectural standards.But in France you earn less money for the same job and the lending options are not as diverse as here, haha!

With a project cost of $850k ($700k purchase plus $150k rehab) at 81% of the $1.05M ARV you are approaching a break-even deal at best.Since many on this board don't like rules of thumb, here's a detailed profit and loss estimate based on your numbers, a more realistic six-month turnaround, and typical hard money rates in LA right now.Assuming perfect planning, you will earn about $62k or 6% of the ARV, which is way too low and easily eaten up by a small rehab overage, construction delay, or a fair counteroffer of even $1.00M.

This is a tax that is levied on wealth, not a transfer, and not on earnings, but on the net wealth a person held at death. 

I'm a new initiate, looking to learn about what it takes to earn financial freedom in the next 25 years.

This is a brief overview of how I went from a family business employee (with 7 children), only earning 60k/yr, filing bankruptcy in early 2016, to someone who will be completely financially free 18 months after I purchased my 1st property May 15 2017.I began my Real Estate Study in late 2015, I mostly read books.

@Sean CarrollThere are contribution limits that would not allow you to contribute all of your earnings to a Solo 401k on a tax-deductible basis unless your earnings were no more than the deferral limit ($18,500).

Similar to a Price to Earnings ratio in stocks. 

If the person who is injured, is determined to be an employee of yours at the time of loss, you or your workers comp. policy are responsible for the medical and Lost earnings based on the state statutes.