Send them a text informing them you are changing the locks to protect the property (not knowing who has keys).

I'm a little weary of posting the actual reporting on a public forum, since the sponsor's performance isn't public information.

Would this compromise whatever liability protection does exist with the LLC?

This way, there is no sense that you have to 'protect' your investor network from communication and knowledge of the sponsor.

I'll get a higher IRR with less headaches and risk by having 20 doors that pay $2000/m in a gateway market, but those details are rehashing old threads.Point being: I'm invested in our market because of the long term appreciation, which is largely a function of our public policy and desirability. 

. :)The first thing I would do if I were starting out, would be to attend a public sale.

Personally, I also maintain a certain level of leverage for asset protection (ie. get sued-->forced to sell @ 10-15% market discount, 6% agent fees, not much meat left on the bone @ 75-80% LTV)

If you don't have many assets to protect, you really aren't much of a target for a lawyer. 

A lot of very savy publically traded builders are putting their money in large multi year projects.     

However, insurance is limited because it only protects you from one type of liability: accidents/negligence.