YES - If this is truly a project HUD building where HUD 'guarantees' rent for all units then there are very specific / screening / reporting / inspections requirements that you must meet; tenant income thresholds, REAC inspections, etc.You can do this yourself (HUD has to approve you to self manage) but most owners elect to hire a PM who is licensed / knows the systems / paper work / HUD office contacts.

I don't feel super confident about it but I think my estimate of the rental income is in the right ballpark.Any feedback would be much appreciated! 

I currently own and self-manage 9 units. 

the experience is going to build your knowledge and increase your confidence.

Etc, etc.Absorbing information, making short and long term plans/goals, self-evaluating, and studying your market will all help in determining your unique answer to this question.But, in many areas, multifamily provides the best cash-flow. 

As you build up confidence in your rehab estimates and demonstrate a successful business with your portfolio, the bank will eventually give you 1. lower interest rates, 2. higher rehab budgets, and 3. more opportunity to take on additional risk as they trust your knowledge on making sound decisions.2.

I live in Toronto, Canada so I am not too far from Buffalo and have been able to self-manage the property so far.

I'm helping my Dad set up a self-directed IRA so he can do some real estate investing.

Sometimes, I will drop fliers off at local self employed businesses.

What can you offer investors to give them confidence their money is safe?