If you are just starting out or do not have a lot of assets to speak of, an LLC may be a bit premature unless it is part of a strategy other than asset protection.

I will remain focused on continue to gain knowledge prior to jumping in prematurely.

Again, you are doing it backwards because you are committing to a price/value prematurely. 

I hit post prematurely, but to end it shortly, I am excited about learning more about real estate investing. 

I'm already getting around $1k to $1050 in rent the way they are and based on the income of the area, my tenants would probably only be able to pay an additional $50 a month with the new upgrades.Do you think this is a good plan or is this prematurely jumping the gun and a wasted expense?  

But, until you have a property you want to buy and a lender willing to lend to you, this discussion is premature.

The complete kit includes all the parts (fill, flush, flapper, bowl hardware and gasket/seals, etc)...Also, maybe make sure the tenants don't put those bleach drop ins in the toilet tank which have corroded my gaskets prematurely.

Seems like you are a bit premature holding a meeting. 

Posted prematurely....

i can sense already that my excitement could lead to a premature purchase!