Definitely tread carefully, and clearly lay out all expectations and profit splits in writing.

We created a first floor master layout, which is sorely lacking in this historic neighborhood.

Some are going to be popular and most won't, that's just the internet. 

The basic layout was kept except we stole a second closet from the smaller bedroom and flipped it around to make that space into a walk-in-shower in the master bathroom.

How much of the $226,000 capital gain ($326,00 minus $100,000) was due to the inflation over that years since 1994.According to an internet search, between 1994 and 2019 there has been 73.1% inflation, therefore of the $226,000 capital gain, $165,206 was due to inflation, and leaving $60,794 as "pure" capital gains minus inflation. 

I also was concerned that since their share of utilities/internet etc is included in the payments they send me, that I would pay income taxes on what is going toward those expenses.For context:Mortgage: $1100Cost of mortgage plus utilities: $1500Roommate 1 rent: $450Roommate 2 rent: $400My share: $650 (because I take the master suite)My brother is living with me while he tries to get on his feet in a new city, I don't exactly charge him rent but he gives me $300/month voluntarily out of appreciation, and the plan is for him live here permanently and formally pay rent (a higher amount) once he sells his out-of-state property.

After reviewing my application information, my loan officer said things look good but wants to visit the property to see the layout of the building and how I will rent it (it divides into a couple of different units).

DONT BORROW MONEY ON THE INTERNET!!!!!!!!

For both apartment complexes the two bedroom apartments have the exact same layout.

., @Nick Hedberg and Account Closed all give great advice.One tip for finding a true investor agent - know exactly what you want them to do and lay out your expectations up front.