Obviously keep an eye on the MLS and have a good broker to keep you updated, but with so much competition and so few MFs in the area, I highly recommend finding those pockets of MFs and running targeted direct mail/cold call campaigns on those properties.

I live where there are all 4 seasons but the colds are definitely cold enough to freeze pipes if not setup properly. 

I have done cold calling for 2-3 months and I'm not a fan of the time spent vs returns, I got none. 

My system for deals will be direct mail, cold calling and deals brought through networking, as well as offering on MLS deals that have been overlooked, expired etc..

Now for #2: Looking at cap rates in a historical context gives you insight into how hot or cold the market is and, therefore, gives you some idea of where in the real estate cycle the market may be. 

Yes I do run a digital marketing agency for Real Estate investors... but I actually found this deal by cold calling, lol so it is definitely not a way for me to advertise my Digital Marketing.

Just cold call.

I would terminate their lease, clean the unit up, and rent it at market rate.If you offer it to them, they may insist they can handle the increase but they are more likely to feel bitter towards you and fail to keep up.

They also like to have a flat amount to be able to budget better and not worry about cold WI winter heating bills!

I have done one syndication deal ( I am an accreditor investor) a few months ago but I felt I have done the deal mostly because I loved the people who manage it, the goal they are trying to do, the deal felt really close to my heart-  not because of the cold numbers and mathematical reasoning.