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.

I think you have to 1) know your numbers, 2) Build in a safety margin for sure, but there is no need to go overboard with it..

If you maintain a clean and functional property and address safety issues as needed, your odds of getting in trouble become much smaller.

You can also give yourself some safety with the choices you make in the property itself.  

If you make changes with a tenant, add an addendum.Take the time to do a move in and move out inspection, and take pictures/video of the property.Pay attention to safety issues in your property. 

The industry is adopting new cleaning and safety protocols to mitigate coronavirus risks during air travel, installing high-performance air filtration systems, sanitizing planes, and educating staff.

When I look at properties to purchase, I like to buy with a margin of safety.

Hi James, I’m a similar investor located in Safety Harbor.We just did Refi/cash out on one of our properties.

Buyers had to put their plans on hold as well due safety concerns. 

It would not work for an arms-length sale to a stranger, but it might be a compromise for you.