High CAP Properties

[Ed Zhao]

Is there a such thing high Cap properties with minimal headaches? It seems no brainer one should buy the cheapest properties with high rents. 10x$60k units with $1000 monthly rent is better than 1x $600k with $5000 monthly rent. A 20% cap always better the 10% cap. If this correct, why people buying 100 units with multi millions and only collecting 4 or 5% cap? Why an investor want to sell a property that producing 20% cap? Help me understand.