Started my dreads!!
General Questions
Read the forums, for alot of people rubber bands cause weak spots because the hair is not actually dreading there. Having separated dreads with spots where your hair broke off will look every bit as odd as matted hair. I don't know why you'd need bands at the bottom either, the loose ends should look fine and be the least of your worries for a "neat" look to your dreads.
I believe no matter what you do, you are going to have fuzzies and it's not recommended to use wax or anything really to keep them in check. If you do, you could end up with this: http://www.dreadlockssite.com/forum/topics/hair-that-dreadheadhq-is-proud-of
You probably want to see the video about palm rolling as well. The post is below and honestly, I don't see how palm rolling isn't going to do anything but make all your loose hairs stand out due the friction from rolling/rubbing - http://www.dreadlockssite.com/video/why-not-to-palm-roll?xg_source=activity
Now all of this is not to say that people haven't used these techniques and had better results but when you see so many people referencing having to take out their dreads due to issues or in worse cases having to cut them out, I know I wouldn't want to do that.