you can easily find templates at various email marketing websites.
newsletters can be simply designed on free websites like canva and other designing platforms.
However, its better if you hire an email marketing company to design a whole marketing campaign for you.
Try approaching : mailchimp...
Outlook only has disadvantage of less user engagement.
if you are trying to send marketing mails then you wont be able to get into user engagement (which is necessary).
but if you want to send transactional mails then outlook is great.
Yes, but its a 50-50 chance. you can try to send on those extracted mail IDs. Use an ESP who sends click/delivery reports to you on regular basis so that you can check hard and soft bounces
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