Lots of investment in the region as well so hopefully quality job growth will continue.

There is so much that goes in a business, rental rates, rental tax, inventory,  job costing, payroll, business analytic reports etc, QiuickBooks does handle what I have mentioned here. 

To address this I took detailed pictures from beginning to end of my most recent flip, documenting that we did a thorough job using quality materials.   

The problem is these homes are 60-120 years old and because of the low value neighborhoods, nobody has ever made any capital improvements beyond duct tape.

@Bruce Woodruff did a good job with some basic numbers and it looks like a loser.Plus you are paying a premium over the average.

That is the issue I am having now as my wife and I have great paying jobs and just cleared all our debt.

If they have excellent credit, great job history, great references and you met them and got a good feel. 

I work at my brothers business as a independent contractor ,  he has an accountant for this business is necessary for him to to this job or i can do it myself.

You should take a job for the education and not the money.

Brandon Turner does a great job going over different strategies in his book "Invest in Real Estate with No (or little) Money Down".