Nail your PPC budget based on the math: We've got a simple equation we teach our clients to figure out your target MAX cost per lead and your target PPC investment per deal... and use that to guide your PPC strategy.

My user name is Climer School and we have 12 free real estate math videos posted in a playlist.

Am I doing this right, can somebody check my math and logic please?

That's a new furnace every 6 weeks.My point was your math (3% of purchase price every year) is offIt should be about 8-10% of yearly rent (In your case around $1400, for the year, not monthly)This expense column is for leaking sinks and such, 12k is far too conservative for a double.

I do plan to keep it as a long term rental (it's 4 blocks away from my house), I just don't like that almost all the applicants have pets (only 1 didn't have one) so that being said I would hate for a cat/dog to ruin my brand new hardwood floors with their pee but maybe I'm being to paranoid and maybe it's worth the risk and make it a high end rental and hopefully keep the high rent.I still haven't put in the granite, this was one of the conditions for me to charge $1,700/month, I haven't done a good job on doing my homework about the type of upgrades on the rentals in the area, I do remember seeing a couple that mentioned granite, I definitely need to be sharper and get to know my market real well, I was thinking the best way to do this is to become a "prospective" tenant and go check out all the inventory for rent in the area.

You follow that simple math, and you will do pretty well.

The math may be a little different if you are buying leads as an agent vs. as an investor.

I tried attaching the document I used to do the math, but can't seem to know how to do it correctly.

Nothing I have read yet have really gone into enough detail to help.Sounds like I can do the initial homework myself to weed out obvious issues, but should work with a title company for those that make it through that first pass to make sure I didn't miss anything -- that sounds correct?

I've been doing my homework and learning as I go along and trying to connect with people.Thanks for your good wishes,Phyllis