I live about 1.5 hours away so I hired this project manager and a licensed contractor to manage the project.  

Alternatively, he could hire a handyman, etc. to finish up what he was responsible for and he can pay them directly.Alternatively, since you both own it, you could take on 100% of the management and your brother pays you X% of the rent like a property manager.

Back in 2012, he purchased a property in a partially developed subdivision for around $215,000.

I've been dealing with an unresponsive property manager who is no longer managing properties and has shut down his company.

Be prepared to justify this to the seller, perhaps by highlighting the extensive rehab costs.Rehab Costs An $80K rehab budget on a multifamily property is substantial.

My investment goals include building a portfolio of rental properties, focusing on both single-family homes and multi-family units.

Do you own any properties yet?

Are you living in it or is it a pure investment property? 

We've bought over half of our properties during the holidays.

I currently have a property with a 4 unit on it.