Frustration over bid process

Found out today that the bidding on this property is restricted to owner-occupied until March 17th, another week!  Apparently this happens a lot.  I find it hard to believe a lot of first time homebuyers would be interested, but you never know.  Anyone who bought it would need a mortgage plus extra money for the renovations.  Hubby planning to go out house-hunting again tomorrow to see what else is out there.  The housing market seems to be picking up a bit.  A few places on his short list are now under agreement (with someone else!).