3. Will all 5 of us need to be present when we sign the lease?
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I would recommend it. I knew a guy who wanted in on this lease with several other people, but the landlord made it known to those other people that there was a 4 person limit in the house (even though there were enough bedrooms for more than that; two people were sharing a room).
The 4 people who signed the lease got in the house, and they never bothered telling the guy about the situation until they were moving in.
In retrospect the guy was a retard but you might as well cover your bases.
Jam it back in, in the dark.