Apt. Buildings Vs. Scatter Site

[David Thornton]

O.K. so I have reached the tipping point with Scatter site properties.  We have about 70 buildings totaling 165 units.  

I have started my search for apartment buildings 10 units and up, but the CASH FLOWS ARE HORRIBLE.

In my area a million dollars can buy you 20 scatter site properties with total cash flow of around $60,000 per year.  On any apartment building deal in my area your lucky to make $10,000 a year on the same million dollar investment.  And people are buying them.

Am I missing something here? Why would people buy with such poor cash flow numbers?