If it's in a good location, and the property is in great condition, you could furnish the house and operate as an MTR.

I kind of saw same in terms and conditions.

You wouldn't sleep in the middle of savannah, exposed to all the animals and harsh conditions with assumptions that lions, wolves and coyotes are your friends.

Steam cleaning myself (many times) I  was able it to get it back to usable condition and it lasted for one more tenant.

You can average the amounts or use the higher $29,000 figure if it reflects market conditions, as long as you document your methodology and provide evidence, such as sales data or an appraisal.

You can still have 2 FHA loans although specific conditions must be met. 

I was surprised when the agent consulted the seller despite my offer being lower than expected, given the property's condition.

To add to what @Jonathan Greene wrote:1) Understanding the local market, so you know what Neighborhood Class your building is located in, what Class your Building is (condition & amenities), and what corresponding class of tenants will be attracted.2) Using all this data to properly set your expectations and a realistic ROI.3) How to better screen prospective tenants, including catching fraud, so your property performs better.

While there were no major challenges due to the property’s condition, we learned how valuable a well-established network and quick decision-making can be in completing fast, profitable deals.

I asked if that could be a condition of the loan that the taxes are paid out of it first.