Should I buy this property?

[Austin Moore]

Looking at a home in a small college town located about 2 hours from where I currently live for a potential long term rental. Home is located very close to campus and is a 6 bedroom 2 bath home. My wife attended school in the small town and is familiar with the area so that helps me to feel more comfortable with understanding the area and neighborhoods. It is currently listed at $145,000 and per bed rent is anywhere from 400-450 per bedroom. There is a catch though, it needs about 100k in foundation work.... I have contacted the foundation company personally to get a better understanding of the scope of work and have looked at a couple of other bids (they were cheaper but were not going to resolve the issues long term). Ultimately, when I break the numbers down it all still seems to make sense. Even if I offer the seller 245,000 and have them complete the foundation work prior to closing, the property should still cash flow.. Any advice? Would you do this deal?