Common for LOI Prior to a Walkthrough

[Lance K.]

Hey Everyone,

I was approached with a Quadruplex opportunity in the Baltimore area by a listing agent.  Even though the agent indicated that all units were renovated, I asked to see pictures and perform a walk-through of the unit prior to submitting an offer.  The agent proceeded to provide only three pictures of the facility (exterior main entrance, kitchen of one unit, and the backyard) and relayed that I can only perform a walk-through upon the submission of a Letter of Intent.

Is it common to supply a LOI prior to seeing the units in an MFH? Are there any legal ramifications to provide an LOI and backtrack due to significant concerns with the property (e.g., significant rehab budget, title is not clean, etc..)? Are there additional consequences for exiting the deal that I may be missing?

Thanks in advance for your feedback.