Ultimately, you may need to call a lawyer, consumer protection or bad faith insurance lawyer.

Again, this $25,000 is protection or “cushion” for the lender or note owner.

My impression is, for a syndicate, the managers are basically in control and you have to trust them to do the right thing - and outside of a lawyer just telling me what the docs say, I dont know if there is much protection or help they could provide.Thoughts?

Anything I should do to ensure that protection?

You may want to talk to an attorney about asset protection or a financial planner and get yourself an estate plan if you do not have one already. 

For protection or evictions?

and only after you covered properly the "other" aspects of risk management (insurance, umbrella insurance, proper property management, etc.).Unless you are doing flipping (or AirBnb), in which case I suggest you look into Series-LLC and you operate each flip in its own child-series (if not clear why, ask for more details).Here are some diagrams to help you in this quest:Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for a complete asset protection OR the domains that need to be intersected to find asset protection nirvana - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-spectrum-diagramHow a fully implemented asset protection layout might look. - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-structuresLet me know if have questions or want to chat further - I can give you my investor perspective.PS.

My realtor didn't like the idea and stated the seller would have no real protection or ties to the property at that point once the bank absorbs the loan at 200K.

.—(1) The tenant shall not unreasonably withhold consent to the landlord to enter the dwelling unit from time to time in order to inspect the premises; make necessary or agreed repairs, decorations, alterations, or improvements; supply agreed services; or exhibit the dwelling unit to prospective or actual purchasers, mortgagees, tenants, workers, or contractors.(2) The landlord may enter the dwelling unit at any time for the protection or preservation of the premises.

Would it be more wise to structure multiple LLC’s, bite the bullet on taxes (for the protection), or just lump them into one LLC and have individual insurances to cover a single property mishap from affecting the others.Curious to get everyone’s feedback on the subject!