We have ideas on ways to capitalize on the space and encourage timely payment compliance from the renters, which he did note has been an issue.A restaurant right near it has just changed hands for no less than $220k.My question to you guys is two fold: What else would you be looking at/for?

That way you make it into their bill folds and their more likely to keep it there because they will plan on contacting you at some time in the future, or give the card to someone else as a referral for your services.

My suggestion would be the following: Get quotes from a print shop for the following: #10 Envelopeswhatever color you want for said envelopes1/0 blackreturn address imprintedqty 15-20k (buy the whole six month supply, best pricing) Then you will need a quote for the paper letters: 8.5 x 1120# Bond1/0 black + variable data (you will want to put on their names and address in question) qty 2,500 Then you will need a quote for mailing services, just in case: NCOA, inkjet envelopes, stuff, fold, sort, seal, tray and deliver to USPSqty 2,500 a month for six months(commit and tell them you are looking to do this for six months, you might get better pricing) Then you can use THEIR bulk mail stamp, saving you $400 and all the hassle I mentioned above. 

Basically, is it a risk that can be managed, or the downside is too great that it is best to fold?

I would say I made back that initial investment several fold on one deal.  

Every time I have attempted to breakout something like utilities, I've ended up having to fold on that idea.

However you did list out an entire list of cons for syndications, all of which are ten fold issues with Wall Street.

Also going through good and bad economic times has helped teach me when to hold em and when to fold em.Will- I 'll always be the first to 13, 000!!

Be sure to hand write the message, then fold it in fours with the message facing inwards.

There are many factors attributing to your results in DM and have yet to find myself in a position to be comfortable with 6 months of DM not paying itself ten fold when other tactics far more cost effective have worked great for me.