I also like the integrated pest management philosophy for some pests (though I don't have termites in my area, and others can comment on that).....rather than producing a comprehensive plan, I would suggest looking at a few online and adopting one that works for you or making your own from elements of those...

Thanks for the welcome Guys,My chicago property is in lakeview about a mile south from Wrigley field.I understand that chicago has property tax hike to about 2.2% of assessed value on horizon.  

I think you need to assess how much money you are bringing in in residual income from your real estate rents and then break it down.

So do inadequate reserves, pending special assessments, and deferred maintenance on the common areas.

However, we can appeal the tax assessment next year and have a good chance of getting those lowered which would help the numbers greatly.

Depreciated no matter what.Even if the association paying for it  and adding an additional assessment it that would still be depreciated. 

Commericial is very different from a residential; you'll need a different type of loan, different way to assess etc.

If there is a special assessment...you would get 5 of them.

Understanding the legal requirements you must operate under in your area, do a self assessment, am I going to be a scammer, bandit, thief in the night or am I going into real estate to operate fairly, honestly, ethically and legally?

Gannon never gave me a heads up about this, even though the assessment happened over a month ago, and has not responded to my emails sent yesterday, nor has anyone official called me.