Why pay more and get less?

[Jared K.]

I am an investor myself that owns multiunits and have had them for years. In this market if I was gonna buy, it would be SFR's b/c of the cheap prices. So my question is simply this:

**Why would an investor pay $30-50K per unit to own an apt building when they can buy houses for $10K in rental mgt areas that will rent for the same price per month ($500-600) that the apts would?

Here is my thoughts:
Apts cost more to own, tax's and insurance are higher, people take better care of houses, tenants stay longer in houses, you can pay cash and get more houses and not have to get loans, pay interest etc, if you want to sell you have multiple exits with houses and more people can afford them so more buyers, and houses cost less to repair when you get an estimate b/c its not a big commercial building and you dont get gouged. I am sure there are more benifits, just going off the top of my head. What are your thoughts??

[Jon Klaus]

Jared, where are $10K SFRs renting fro the same amount as $30-50K apartments? Could it be that the SFRs are in very poor condition?