Also your permitting process, type or land, grade of land, if underpinning is required will all play a factor into your cost. 

Additionally, your brother would inherit your cost basis in the property, which could result in significant capital gains tax if he sells the property later.

Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.

Quote from @Patricia Steiner: There are several lenders who offer low/no closing cost options for first time homebuyers.

I am doing my best to accommodate and fix the insulation as well as see if there are programs in place to lower the cost. however i want to be firm with tenant as they are not compliant with paying rent because of the cost of the utilities.

FYI, most of my CFO clients borrow from HMLs that will lend up to 100% of their rehab costs. 

@Mitch ProvostFrom my experience of working with over 400 investors, your property near Texas A&M in College Station/Bryan has strong investment potential due to the consistent demand for student housing driven by steady enrollment growth.

In the near future, we’ll be visiting The Shoals area in northern Alabama, where we’re considering a potential move this spring.

If its four months from now, then explain to him he's going to be evicted, will have a record, and it will go to collections for all court costs and rent money owed, to the penny.

STRs have a huge earning potential but it's definitely something that takes a lot of time, patience, and effort these days.