Re: Learning how to rebarrel rem 700's?
Dennis has it exactly right...
The cost of getting into machining is not an easy thing to put a number on. You can buy a lathe that's capable of smith work for ~$3k or so, but do you know what it's going to cost to tool it? Rule of thumb is the cost of the lathe again, so you're at $6k already total. And that's just regular lathe tooling, that doesn't count gunsmithing-related tooling. Go price out barrel vises, action wrenches, range rods, bushings, reamers, headspace gages, floating reamer holders, micrometer reamer stops, action truing fixtures, receiver reamer/mandrels, bolt truing fixtures, etc. You'll spend more on smithing specific tooling than all the gunsmith labor costs to build one precision rifle, and your first one likely won't be nearly as good... Plus, you have incidental tooling costs every time you decide you want to do a new caliber, and at the very least a reamer for every new chamber you settle on.
I'm in mostly the same boat as you, except I've already taken that plunge on machines... I bought my first lathe about 5 years ago, and it's strictly a hobby for me. Thing is, I have EIGHT machines now! I built a fair amount of my tooling (barrel vise, action wrench, truing fixture, bolt fixture), but I do have the mill. I want to build four or five rifles this year for me and friends, and so it was worth investing $1k or so into some specific tooling for smithing. Even so, I'm trying to consolidate to 30 cal so that I don't have to reinvest in stuff like range rods and bushings right away.
I'd say altogether I have around $50k invested in my machine shop... I really love having it, but if all I was after was a couple rifles, it'd be a hell of a bad value