Can HUD dictate eligibility of buyer?

[Tejas Kotecha]

Hi All, 

I am a total newbie at real-estate investing. I am looking to get my first deal. Trying to buy from HUD auction; and I heard that HUD requires investors to have 5 years of property management experience if they are trying to buy a rental property vs. Owner occupied. My agent thinks it is not true.

So, I am wondering, if anyone here can verify if HUD does this and if I can use property management company to show for that experience.

Thanks in advance

--Tejas.