They are much cheaper and still very nice and then I drive them until they are close to death and then sell while still running. 

For example for me, CoC does not matter as I buy in A/B areas and I hold long term so I am comfortable knowing even if I have zero a slightly negative CoC to start over the long term it will turn and I will end up with a nice return after many years. 

Very nice people there in that neck of the woods.

While it is nice of her to pay the rent for her adult son, she shouldn't be paying rent for two places as it is clearly stretching her budget.

Thanks for the reply Steve it's nice to know I'm getting the numbers right!

Pros: -I love that you can send out a nice big google image of the property and the can be done one at a time.

Nice to have on the counter.

Close proximity to national parks is also nice. 

Nice work!

That continuous flow of new nice properties wouldn't hurt your valuation, since they can go into something brand new instead of something that is 3 years old?