I'm working with my brokerage to get myself HUD registered so that we can bid on the HUD properties but my question is to anyone who has dealt with these lender/government owned properties before; are they worth pursuing?

My job is to submit bid and negotiate only.  

If interest rates drop, a ton of people are going to get in and real estate prices are going to go up a ton if you’re back in bidding wars.

If you’re serious about bidding, investing in a professional title search is worth it to minimize risk.

Hi @Noyessie Hubert that should be correct. 

The vast majority of contractors won't want to give bids on properties while under contract unless they have a relationship with that person from prior jobs.

when you say "being sold" do you mean the minimum bid amount or the actual sales amount? 

If they "sold" the house to HUD, it likely went through foreclosure, nobody bid on it, and it became an REO.

Finally found this one and took advantage of the low interest rates by winning the bidding war with an offer slightly above asking price.

Then you need to bid fair market value, not appropriate the bid to take into account the STR revenue but more so LTR.