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in my original post, I asserted that you can have the opportunity to make +EV investments in property you own, not that all of said investments would necessarily be +EV. if I am wrong on this, and metetron seems to think I am, then I'd like to hear why.
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If you do the work your self, and count your time as worth zero, then you should be able to make +EV investments. But honestly, your time is worth something, probably more than the contractors billing rate if you have a good paying job (or play +EV poker).
Here is an article on the issue.