Looking to purchase a HUD home

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I am looking to purchase a HUD home with an FHA loan and a 3.5% down. From my understanding, and please correct me if i am wrong, with a HUD property it is owned by the government and they will accept an FHA loan over an investors. So, if the property is listed at 100K and I bid 80K(FHA), but an investor with all cash offers 110K, they will still accept the owner occupied bid, correct? Assuming I have the highest bid for owner occupancy of course. Any other feedback/ strategies for purchasing a HUD property is greatly appreciated.