I got keys to my first ever IP in Perth about a month ago. Since then I had some landscaping done and I signed up with a PM. Property is currently being advertised for rent. What's the next step? Is it getting a valuer to come in and tell me how much it's worth, how much I can borrow for my next IP and give me a depreciation schedule? When is the best time to do this? Now - before tenants move in or wait for market to pick up and do it then to get better figures? Is there anything else I need to be doing? I already have a letterbox, rubbish bins, all services connected except internet, clothes line.