I am looking to buy a condo/townhome that my younger brother will rent from me.I have found a few deals that will let me cash flow ~$200/mo if only by brother is living there and probably $600 per month if he decides to take on a roommate.My biggest question is should I set up a corporation before I make a purchase?

Nice job, Brother!  

Lehman Brothers -- a big hedge fund that used the big play strategy -- used other people's money (leverage) to bet on a big play.

That tells me no one and their brother wants to rent space there.

I always use Jason with Semper Fi but I'm partial to fellow military brothers. https://semperfiinspect.com

My brother likes going into war zones, but he usually is buying several houses in the same block. 

Ok folks,  a little background.My brothers and I started an Texas S-Corporation in 2002. 

. $200 is not much cash flow brother.

And no I don't have much debt, the biggest debt I have currently is my mortgage and then my brothers truck which is $27,000 (this is the debt I'm trying to get out of my name but my brother has bad credit and so he can't take over the loan or pay the gap if I sell it) Other then that I don't have any debt.

Make them show you the statute with the statute number referenced so you can look it up.Big brother is everywhere now, that is for sure.