Hi, We are buying a 4bdr, an old property. We need to replace Gutters and down pipes, painting inside out side, new carpet for 3 BDR and plaster of 3 walls, some repairs in kitchen. Do we need a valuation report before renting it out. What is benefit of doing valuation? Do we need a depreciation report as well? I am just learning IP things, it is my 2nd IP but I never thought about all these things like tax benefits etc. Thanks a lot.