HUD home as an investment property?

[oasisdaniel]

For months and months I have been searching and saving to put a down payment on a HUD home. I finally, found one in Sacramento, I live in Los Angeles--so my first question: Do I need to live in that specifice city and/or county in order to buy that home?

I just contacted my local registered HUD broker--I can still have my own real estate agent show me the house right? It doesn't necessarily have to be the HUD broker.

Can I get financing outside of HUD and FHA? Will HUD accept outside financing?

As mentioned above, I am looking at this as an investment property and would rent out the place, does HUD have any rules against that? The property is currently opened to "All Bidders" (Investors as well, I would imagine).

Thank you for your answers!