It means they can’t count it in the sq footage of the house when they sell it to you but you can get it inspected and finished properly and sell it with the additional sq ft.

Questions:1) Does something like this count as a "repair" (tax deductible) or "improvement" (which I believe adds to my cost basis, but isn't tax deductible)?

Some investors are looking for lower bath counts so they could add one themselves. 

It's foolish not to take into account all aspects of the investment.Too many people say you can't count on appreciation.

If my LLC is the borrower, but I live in it, does that still count as owner-occupancy? 

You cannot count on appreciation in a rising rate environment. 

So as long as the bank is counting your rental income for you then it shouldn't hinder you when buying a property as your primary home  FOR "DEBT TO INCOME" purposes. 

@Matt MillardI don’t think so, everything I’ve read from credible sources (sorry doomsday sayers om the Internet don’t count) says 2020

they would consider it because if your girlfriend stopped making payments, you would legally be on the hook. if you were on the edge of being accepted and being not accepted, you may be able to convince a smaller bank that its her car and shouldn't count. this is unlikely tho, and I wouldn't count on it.

Filter by bedroom count or square footage and you should get a pretty good estimate of what renovated homes in the area are selling for.One thing to note is that these sites don't always have the most up-to-date information, so it's always good to double check with a trusted real estate agent or seasoned investor.