I think there's many variables that will sway things like - previous deal sizes, price points, strategy(turn key or fixer upper) and who the person is raising the money.

A couple of Roof claims due to storm damage in Tucson, and we had several sub-to deals in Oklahoma when grapefruit size hail decimated a big section of the whole town. 

There is plenty of tax planning opportunity with a property type of that size. 

Their job is to keep investor capital allocated and returning, so there's only a deal if they can actually redeploy the capital into something better.As a buyer, you need to establish a lot of credibility for a deal this size.

Plus I recently got a brand new calculator, wanted to see what out of state investors though the most important aspects of deciding between to similar rates cap rates in 2 varied size apartment. 

Rate will be highly dependent on loan size, credit score, LTV, location, and property type, as well as a few other factors.

People who want to do multi-family deals of all sizes but I have yet to meet anyone who have similar ambitions all-be-it this is my first post as such.

Here is the chart of VA 30 year fixed rates:  https://fred.stlouisfed.org/series/OBMMIVA30YF   You will see that current VA rates are right around around 6.5%. 

Also, What do you consider growing to a moderate size?

Plus different approaches versus one size fits all.