HUD Condo

[Kevin K.]

I've come across a condo for a good price that is rentable close to my work. It's a HUD property that I've seen and know it needs some work, but nothing drastic, I'd say 5k at most which I'm comfortable with. I figured I could buy it as owner occupant and start saving for the next purchase while I'm living there, but also don't want to be stuck there for a terribly long time.

Does anyone know the HUD occupancy requirements?  I'm finding time frames online that are varying from 12 months to 36 months, and it's not a property I would want to be locked into living for 36 months.