And saying you will send an LOI without having any pro-forma information is probably producing an eye roll and a push of the delete button.

It increases the liability risk, it increases wear-and-tear, the tenant is using your property to produce an income, the extra traffic could impact their community, they may be operating in violation of the law, and more.If I caught someone doing that, I send them an immediate cease-and-desist.

During a cost set study and expert will document and assess the value of every component of the property and produce a report  that itemizes the value by asset life. 

It's very different than calling "distressed landlords" who gets TONS of cold-calls because they have an income-producing property.

Regardless build a schedule so you do everything you need to get leads and produce deals

This works only if a 12 month lease can be produced for each bedroom, not shorter terms when you show it later to lenders when seeking the next property.

There's actually quite a few investors interested in good producing properties to buy in bulk. 

The CF houses don’t really appreciate much, and their job is to produce cash flow.   

@Christian Busch i’m a broker that specialize in income producing properties so I end up working with buyers sellers and tenants.

The first and most important answer to this is you're shifting any liability by not being directly involved.The second thing is do the math on what your time could produce net versus if you paid someone to do that & you work more.