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.

Just food for thought.

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.

Food in the fridge.

A “non-essential class” emerged, buoyed by an “essential class” who rang doorbells with deliveries, stocked shelves with food, carried our mail, and attended to the sick and dying.

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