IIRC, as our broker was shopping around our complex mortgage (my wife's employer was 1st mortgage, and we had 4 banks to choose from for the 2nd mortgage), one bank wanted a short, informal letter stating that we were comfortable being landlords.

We got it in contract for <$230k, the comps in the same complex go for $275k-$325k. 

I invest in apartment complexes and since 2016 we have increased rents for 1br and 2br units approximately $200-$300 a unit and rents keep rising and it is landlord friendly and the average price per unit we paid was about $35,000 a unit and we have over 230 units in Apartment complexes.Swanny

I am from Maryland, can you please suggest where should i look for apartment complexes?

You can reinvest that money and earn a much higher return on investment.The apartment complex we closed on recently has projected returns that are around triple most mortgage interest rates.

The goal was to take complexities and overhead out of the biz.

A complex should qualify for its own umbrella

.- Invest in an out-of-state apartment complex and have a property manager run it?

The ethics of real estate wholesaling can be a complex issue that depends on several factors, including the specific actions and practices of the wholesaler. 

In this case, almost all of the owners will be investors, and will likely always be an investment complex.