I am trying to invest in a certain market and I am curious as to how many realtors i should be reaching out to and trying to establish relationships in that particular area.

.- Standardized Renovation Models: Establishing a clear scope of work for different property types can help manage costs and reduce unnecessary decisions.

Personally I'm against these types of programs, especially 5-figure ones.

There is no class action suit at this point.

Is there any legal action one can take or is it just a lost cause?

Just because something didn't rent doesn't mean there's anything actionable.

Quote from @Kathy Grossart: Can a non-accredited investor in an already established SDIRA, within a 506(b) multi-family syndication, do a 1031 exchange to another syndicated property (with same operators), if the new 506(c) offering required investors to be accredited, and the investor is not? 

The IRS has not established specific standards or requirements for the preparation of the cost segregation study.

So they price those homes at what a willing homeowner will pay for their personal residence.

Your first year will be a learning experience, you will want to be close to the action, as you may not have the capital to pay someone to handle everything.