BRRRR (rehab) question

[Marvin Meng]

Hi all!

This morning I looked at what could be a potential BRRRR property but I'm concerned the rehab might be a little out of my depth. Some of the floors on the ground level were noticeably uneven. It's a two story and I also noticed upstairs floors were also uneven in spots. This seems like a likely foundation problem but even if the foundation were repaired could the house, maybe through proper bracing be made reasonably plumb? The house was built in 1880.

It's a three bedroom, two bath. Seller is asking 60k, would probably go far below that. If properly fixed up would be worth maybe 120-130 and should easily rent for $1100.00. 

Have any of you had to deal with something like that before and what did you do?

THANKS!