What to upgrade on a house that is a good deal

[Lisa Rechsteiner]

Hi guys, I am about to close on my first rental property. We are supper excited to start our career as real estate investors! My concern is knowing what to look for and what to avoid. How can I learn about looking at a property and knowing the work it needs to make it a viable rental. ie. what needs updating and what doesn't? When does one call in a contractor in a scenario like this?

Thanks for any input the forum has on this topic.