What worked in Project AC and Tides on McDowell
The two campaigns at a glance
- Price per unit75474% · $17.11
- Founder video727% · $11.31
- Cash flow from day one697% · $13.53
- Lender foreclosure535% · $17.40
- Other ads747%
- Tax write-off49764% · $21.84
- Market tailwinds22029% · $18.82
- Other ads547%
Project AC brought more leads for about the same spend, at $16.64 each against $21.46 for Tides.
For reference, A2V2's main ad (#113, “Own 1,292 Sunbelt Apartments From $100K”) is at $27.60 per lead, August 4 to October 13.
Source: Meta ad exports, February 20 to August 24, 2026.
The winning angle: price per unit
- Price per unit754leads
- Every other ad268leads
Buying below the previous owner's price per unit was the message that carried Project AC.
Source: Meta ad exports, February 20 to August 24, 2026.
Every angle, ranked by cost per lead
| Angle | Campaign | Spend | Leads | Cost per lead | Note |
|---|---|---|---|---|---|
| Founder video | Project AC | $815 | 72 | $11.31 | Only $815 spent |
| Cash flow from day one | Project AC | $933 | 69 | $13.53 | Best click-to-lead, 18.1% |
| Price per unit | Project AC | $12,901 | 754 | $17.11 | |
| Lender foreclosure | Project AC | $922 | 53 | $17.40 | |
| Direct approach | Tides | $448 | 24 | $18.69 | |
| Market tailwinds | Tides | $4,140 | 220 | $18.82 | |
| Tax write-off | Tides | $10,857 | 497 | $21.84 |
The two cheapest angles had the smallest budgets. Meta put most of the spend behind price per unit and tax.
Angles with at least $400 of spend. Source: Meta ad exports, February 20 to August 24, 2026.
The tax angle works, but costs more
The tax ad brought the most Tides leads, but Meta charged $66 per 1,000 people reached against $25 for market tailwinds.
Source: Meta ad exports, February 20 to August 24, 2026.
What we carry into the next raise
Recommendations based on the figures in this deck.
