HUD Investing Strategy Question

[Kirk Lewis]

HI BP!

My wife and I are looking into buying a HUD home as our primary residence with the goal of selling or renting it out after about a year. We'd add sweat equity along the way and choose the exit strategy that makes the most sense come time to sell.

My question is about the HUD rules that may impact this strategy. I'm not having any luck finding the official policy governing how long we have to hold, how much profit can be made, etc from the HUD site(s). Anyone know where I can find this information or have any tips?

FYI, we're in Phoenix now but considering Southern California as our next destination.

Also, after I post this, I'll be looking for posts and articles that may help me on BP but I wanted to find the official HUD rules as a primary source of information.

Thanks!