This is required for most landlords in the city, as part of the rental property registration program.

Class A: around $250k each = $7.5 millionClass B: around $175k each = $5.25 millionClass C: around $125k each = $3.75 million- maintenance & tenant-nonperformance will require more unitsClass D: unlikely to work outSo, how are you going to turn $500k into at least $3.75M?

They were thinking of planning another one that required massive loans (7 figures). 

Texas law has certain requirements, as I'd assume most all states do.Do you have any links to the type of locks you have used for the front door, back door and door leading to the garage?

Private notes require more work than Stocks / Bonds, is the added return worth the extra work?

They aren't required to belong. 

Lower Start-Up CostsTraditional real estate investing requires 20%-25% down, making it difficult for many to scale quickly.

This first property will require about 35k of that 85k.  

A Lot of turnkeys are going to these undesirable spots and its highly possible you'll end up with more liability with turnover rehab requirements.

So, their attorney gets back to them with the new that (1) their dream of a “contingency” fee lawsuit is a non starter (2) that the process is going to be long, drawn out, and (3) that a $15,000 retainer would be required.