Aiming for larger properties on your first deal (100+ units) is definitely very ambitious. 

Property Suitability- Larger single-family homes with multiple bedrooms and bathrooms.- Properties in residential areas with lenient zoning laws.- Locations near medical facilities, public transportation, or job centers.Navigating the Regulatory Process: How to Minimize HeadachesOne of the biggest concerns for investors is how to legally convert a property into a CLA.

If the partner wants to get a bigger cut on future deals, they can save their money and buy into a larger percentage on the next deal.

If the property is vacant, you will attract a larger pool of buyers as not everyone looking for a house wants to use it as a rental. 

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

My first multifamily purchase was my 34th acquisition and my first multifamily syndication was my 103rd acquisition (and wasn't my second multifamily purchase, either).

If the property is vacant, you will attract a larger pool of buyers as not everyone looking for a house wants to use it as a rental.

(larger would require fire sprinklers). 

Honestly, I never fully understood what they meant—until recently.I’ve been diving into some larger-scale real estate projects, specifically in commercial properties and multifamily development.

I would suggest going to independent landlords and staying away from larger apartment complexes.