You can bid on more than one property. HUD bidders bidding owner-occupant properties only need to put up ONE earnest money deposit because you can only win (and occupy) one property.

You do not get to select the property awarded by HUD if you were to out bid others on multiple properties.

You must be prepared to accept the property that HUD selects, which would normally be the one providing the largest net amount.

Investors need an earnest money deposit for each property and must be prepared to purchase each property awarded.

Normally, investors who win their bid but fail to complete the sale will lose their earnest money deposit. Individual circumstances and HUD policy will determine whether that is the case.