The complex I would be working for is 240 units and rents are anywhere from 1800-3600 a month.  

My first apartment out of high school was a 2 bedroom POS that I rented from a slumlord for $550 a month, 8 years ago we were charging $600 for smallish 2 bedroom 1 bath flats in a large complex.

This building was a huge complex though.

A small benefit is that if I buy the property I can save around $1000 a year in utilities ($500 on this one and $500 on my other plex) because it allows me to open up a gate to another complex and use that properties' under-utilized dumpster.

Free.It's called How We Bought a 24 Unit Apartment Complex for (Almost) No Money Down and it was written by our very own Brandon Turner, co-host of the BiggerPockets Podcast.This QuickTip book is short and straight to the point.

Fair housing law is a complex and constantly evolving body of law.

You can try reaching out to some VRBO owners and get specifics, especially if there are any in your complex.

I would like to contact the family that owns the apartment complex I currently live in to see if they are interested in selling, however, I am new to the business of REI and I have to be creative. 

@Jerry Kisasonak We just bought 32 unit complex. actually 8 quads, 6 in one place and 2 in another location. 70% bank, 20% seller, 10% me. and the 10% me actually was from some private investor money that I got mortgaging some of my free and clear rental homes.So technically 0% of my personal money.

That is a complex question.