@Michael Peters I bought a 200+ unit deal on a DM campaign so it does work and the process can be time consuming, see this link:Bought 200+ Unit Apartment Complex, Increased Value Over $4 MillFor DM you need to send letters consistently, about every 10 to 14 days.

I don't blame them though - I can't imagine how many people come to brokers on a daily basis and say they are going raise money for a large complex. 

Since it's your first investment, it may be wise to look at a single family home or a small multifamily properties unless you can find a good mentor/partner to help you get through the complexities of dealing with larger properties. 

My guy is currently working on BRRRR a 14 unit complex.

My firm has a couple of commercial guys but I want to specialize only in complexes as well as mhp.

There is only 1 apartment complex within 10 to 20 miles in either direction to the larger cities. 

Once you have a few millions in the bank sue go buy a complex for passive income.

I am wanting to buy an apartment complex.

The question you are asking is looking to oversimplify a very complex and dynamic economic system. 

How would you go about putting a value/offer on a 336 unit apartment complex that is vacant and has been vadilised?