No deal is better than a bad one... be patient and things will work themselves out (excess cash is NOT a bad thing) =)

Be patient.

The loan requires a safety inspection (and often required repairs) as well as that the property appraise and they generally make for a slower closing. 

And breaking it into multiple transactions like @Jacqueline Gardiner said will let you maximize sales price.This hybrid approach (having some free and clear and having others leveraged) gives you a lot of safety net as the paid off properties are out of harms way from debt risk. 

Be patient (heh).

The 2 exits from a bedroom are a safety concern.  

Needed a complete renovation after uncovering safety and structural issues during demo.

Purchase price: $59,000 Cash invested: $75,000 Sale price: $194,500 Needed a complete renovation after uncovering safety and structural issues during demo.

To my knowledge, you are NOT taking any Medicare patients, these are ALL private pay. 

In regards to why you should pull a permit:>If you sell the house, the work looks "legit">The inspector will make sure you aren't doing anything that will jeopardize a person living thereWhy not to do it:>You do shoddy work>You want to save a few bucks>You are going to hold the house forever and don't care about the safety of those living in itThat said, some things I do an don't.