The fact that it hasn't tells how consistently it is generating cash.

Nothing else happens if you are not consistent with your direct mail.  

(This is consistent with your original message).4 - I brought up the issue of the LLC liability issue - where a personal tax position (using schedule E) being used as a primary tool for piercing the corporate veil was used and the room primarily pooh-poohed such a concept and said there was clearly more to the story than what I was getting.  

We've just started a project management company here in San Antonio for that specific purpose, because these renovation projects do require someone to check in on them consistently (read: daily) to make sure that things are progressing to time and standard.

The property consists of the following:2 Commercial store front units4 2BR Apartments14 GaragesPurchase Price = $400KThe property has strong tenants on month to month rental leases.

The work consists of not just hiring contractors to fix up the properties, but also of a property manager: marketing/vetting for great tenants, repairs, paperwork and tax preparation for my LLC (or researching if I should even use an LLC)..etc.  

Anyone in Rhode Island, Massachusetts, Connecticut, Illinois etc... 

It consistently refers to wraps and wrapping.  

I moved to NY from Russia 7 years ago and lived in all boroughs except for State Island since then.

Seems like the people who really make money on those consistently are the ones who own the contracting companies, and of course the Realtor who sells it.