The only "updates" I would make for a rental would be fresh paint and fixing broken items. 

I have great credit but since my partner and I would be fresh out of college, just starting out with no long history of work, we are skeptical of using the bank until we have established at least a full year of work. 

So he gets our goals but is able to look at everything from a more neutral stance with fresh eyes.The one thing that my husband always has me do when we get to this point is ask myself one question.

In my practice I am almost constantly making what I call an investigate/forget decision.

You must be able to pay cash.Most homes that I investigated are not in prime rental areas.Here's a couple of bullet data points for you too:Previous Years AnalysisAverage Taxes Due:The Average Taxes that were due on previous tax foreclosure properties minus commercial properties was $6,028.

Good Evening BP world-My name is Ed Schuurman and I'm currently beginning to investigate the world of real estate investing.

For example, ceiling fans in the master bedroom and family room, improving the curb appeal and the front entrance area, fresh paint, etc. 

If it is in this range then it warrants more investigation.  

Next month I am going to make my way down from New York to Arizona to have a fresh start, and ultimately to start my real estate business.

Straw-man deals (wholesaling) acting as a facilitator, getting in and out of some transaction that is unorthodox or not common and facilitating, what can easily be seen as financing, a matter that has many avenues to investigate to uncover some aspect that could open the door to claims of fraud.