I have bought a quite few HUD home as investment properties. It's great deal with a lot of advantages. As far as owner occupancy requirement is concerned, it's not just HUD home and it could be some bank owned REO if I recall correctly. It's really up to the seller to decide if they can accept an offer from an investor. The best thing to do is to get an agent who is specialized with HUD and did some transaction HUD. Very like she or he has a good relationship with seller and escrow already. They should be able to tell you the rules up front.