Licensed GC

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I'm in the process of purchasing a single family investment property.

I'm planning on doing all of the cosmetic repair work myself.

I am not a licensed General Contractor.

Do I need permits for cosmetic work?

Will potential buyers' lenders look unfavorably upon improvements done by someone who isn't a licesned GC?

I know plumbing/ electric must be done by certified professionals.


How will this affect my tax situation? Can I claim a full deduction ($x.xx/hr for my labor? Are tools treated as expenses or depreciable assets? I went ahead and set up an LLC to buy/ sell real estate.

Thank you very much!