I know some higher net worth individuals.

Hey Guys,

I'm considering my first real estate investment in a Duplex in West Palm Beach, FL. The unit is 2/1 on both sides and in an up and coming neighborhood. Listed for $250,000. Units bringing in 1,800 a month c...

If you're only getting advice from person you're missing out on different points of view. 3.

So my question is, do you think it is worth to replace the plumbing?

Either the AC isn't working, or the hot water heater quit working, or a pipe burst, and on and on.I've thought about dropping these two properties because the trouble isn't worth the money I make on them.

These days all the offers I'm writing are for all cash from high net worth individuals. 

Do I also need to subscribe to these sites to view information for these properties?

Aside from that I used to only advertise listings on craigslist as a few people told me that an MLS subscription isn't worth it for commercial rentals.

That is speculating and not investing.Numbers work going in and the rest is icing on the cake if it happens and if not you hit your goals anyway.It seems the primary reason you are buying is for a home for the family to live in so the investment portion seems like a much less important detail than the emotional component from what you have said so far.Maybe just view this property as a happy family home purchase and then if you like the area once you live there look around for properties where you buy just off of investment from the additional cash flow with the low mortgage payment.

Someone worth 3 million net worth investing 1,500,000 for a 10% return pre-tax is 150,000 a year.