Bigger project than I'm looking for. Should I?

[Tyler Dix]

Hello Biggerpockets!

I own one rental SFH and have been looking for a while to getting into BRRRR. I have a Realtor sending me properties everyday so I can analyze them, and I just had a really interesting one show up:

It's a 3 bed 2 bath 1600sqft which in this area should easily be worth 150k plus when fixed up. The demo is all done, barebones inside, but it may still need a little work done on the outside in addition to complete internal refinish. Here's the interesting part:

They're only asking $9k because the house needs to be raised prior to repairs because of flood zone.

I know raising a house is expensive and would take a huge chunk of repair budget, but with asking price that low, should I try to get this as my first BRRRR?