I'm a brand new real estate investor. I'm currently a property and casualty broker for an agency in upstate NY. I will have to start this endeavor with little capital and bad credit, but i'm willing to work for it. Do...

Winter rehab isn't so bad as you'll have a fresh unit ready for Spring.

I am fresh out of college, and new to corporate America.

I am scheduled to close in three weeks, and plan to promptly have new floors installed, a fresh interior paint job, and put it on the renters market.  

@David Bateman - I am intrigued about exp realty but am wondering how that works - since I have all the rules fresh in my mind :) ...I remember that under Florida rules a sales associate or broker associate may not have an independent office of his own, must register under the broker, and can only work at the broker's office- which "shall consist of at least one enclosed room in a building of stationary construction

Contractors have said if the walls are off center some it can cost more and take more time and money to renovate something existing then just start from scratch.Building new you get a fresh product with warranties.It does price out currently about 110 to 120 a foot depending on the city or counties required finish levels for the exterior.

Use these numbers to estimate cost of fresh paint.Before meeting with the contractor, make a list of every repair you can think of, and get some type of cost per unit figure from him.  

My conclusion - If I'm investing out of state, be sure that the property has been freshly flipped or updated so that there aren't any concerns of updating immediately, giving you ability to let that property cash flow enough to give you a good monetary cushion.

Offer carpet shampoo to main traffic areas, repaint 1 room, something that maintains the apartment and yet give the tenant's unit a fresh appeal to sign another years lease.

Amazon has taken it a step further and also deliver fresh groceries to your doorstep with a touch of a button.