Q on Bank Owned Sale with Owner Occupant Only Review Window

[Dimple Khurana]

I am looking at purchasing a bank owned property in Kansas which is only reviewing owner occupied offers for the first week, and then will look at investor offers. What are the owner occupancy rules, e.g. could I sit on it for a year as a second home, and then rent it out after some time period? 

[Dimple Khurana]

you're right, i'm an investor. i'm not hiding that. i'm asking if i could sit on it for a year. asking about penalties out of curiosity and as a way to learn why these rules are in place and by whom. no ill intent, just knowledge.