Buying a house that needs updating
If you choose to include solar energy systems in your renovation, you may be eligible to borrow even more.
FHA 203(k) eligibility is set by the individual lenders that make the loans.
Be aware that lack of a functioning bathroom and/or kitchen can render a place unmortgageable, but if it is just updating required, that shouldn't be an issue providing it isn't falling down.
The house has got lots of potential, and I think the price is ok.