Wait a minute.
I have heard that if you hold an FFL, then you have waived your right to require the federal government to have a search warrant to search your home, since they are allowed to make sure that any firearms in your home have the correct paperwork.
Is this true with respect to holding a C&R? If so, then I wouldn't care if the permit saved me $1,000 a year. I would never waive my right to require a search warrant to come into my home.
Once an officer enters your home, then he has a right to search for the named items, wherever they may be (or wherever they might be hidden or concealed), and anything in your house that he happens to see (or thinks he sees), he has a right to arrest you for.
One of my business partners (in Memphis) was at work one day. A fireman knocked on the door of his home, and asked the maid if he could come in to check on a pilot light or something. When he got in the house, he saw a plant that he was sure was marijuana. He then went and told his policeman buddy, swearing out an affidavit. The police then got a search warrant based on this affidavit, broke down the door and searched the whole house. The plant was not marijuana (it was a harmless herb plant), but they found in my partner's medical cabinet a bottle with 5 valium, that his aged father (87) had left there, with his father's name (prescription label) on the bottle..
My friend was charged with and arrested for 5 counts of possession of a class three drug without a prescription. He was suspended from practicing his business for 6 months while his case went to trial. His attorney eventually got the entire evidence thrown out, on the grounds that the maid had no actual authority to grant entry to the fireman, which of course tainted the search warrant and excluded all evidence that flowed from the illegal search.
This all cost my friend six months of income, and about $30,000 in attorneys fees. And of course, for the rest of his life, he has a felony arrest record for illegal drugs.
A good example of why you should never ever allow a policeman or fireman to enter your house without a warrant. (Unless of course, your house is burning down.)
Mannyrock