You'll probably have a much harder time keeping it fully rented, which could easily end up losing you more money than if you were to just rent it out to one family/group.

Screens are cheap, but 8-10 windows could easily add up.

I could easily get $1200 per month in rent.

If you do an LLC, you can easily form the LLC, but the operating agreement (the document governing the actions of the LLC) may require some more work or assistance from an attorney.You may want to consider the role you and your brother want to play once the house is owned by the entity.

Full blown rehab on 5 units could go (way) past six figures easily if they all need all the big stuff- electric, plumbing, HVAC.I'm a firm believer in "If the deal is right, the money is always there".

They (SBL) are easily one of the worst companies I have dealt with PERIOD!

I seem to become very easily distracted with many different real estate niches.

Capital One 360 allows you to create up to 30 savings accounts...you can easily transfer money if needed, and keep better records / house of where your money is going.

And you can easily buy it for $5k and sell it for $20k.

If this small issue sets you off perhaps being a landlord isn't a good fit for you.You were very fortunate that the inspector folded so easily.