Plus holes in walls from hanging pictures and TV, a couple small gouges in the wood floors (which were refinished prior to them moving in), etc.  

This allows you to compare apples to apples regardless of the financing decision.

Personally, I create a lease that includes utilities, TV, internet, landscaping, and whatever else, making it easy for the company to swap employees in and out without having to worry about anything.

So your comparison is a bit apples to oranges, almost all of the reduction in points is b/c you're evaluating a FRM at 20% down v ARM at 25% down.

There were posters, ads on the tv, stand up signs, etc. 

I am not a lawyer and I do not play one on TV.  

At the end of the day, a REIT is a equity just like Apple or GM.

Was there a time before all the flipping TV shows and books and seminars that people were making a lot of money but not so much anymore?

. $29M / 12 months / 4 units = $604 monthly cash flow / rentable unit.I recognize this is a somewhat futile exercise as you're comparing apples to oranges, but:If you are looking to hold this property long term and you look at it on a strictly cash flow basis...

Then I saw on TV a show around that time where investigators videotaped doctors preparing phony bills for patients for phony visits, I was convinced.