I have an M400 Tread and love it. Zero issues to speak of after 1k rounds through it. Mixture of .223 and 5.56, FMJ, soft tips, green tips, hollow points, it eats everything i've thrown at it. If I had to complain about something it would be these 2 things.
1. The stock trigger is less than stellar, but still more than serviceable.
The ambi safety is nice but it was a pain in the *** to get out when trying to install a new trigger.
2. The handguard is aids and needs to be swapped out immediately. Once again the SIG proprietary ******** comes into play with their barrel nut, so either buy their 13" or 15" Enhanced handguard (highly worth it), or I believe there are a few manufacturers out there who make some that will fit with existing barrel nut (STNGR I think, and some others). Or just swap it all out but that's kind of annoying especially since it can be hard to find the proper tool to remove the SIG barrel nut.
Other than those small gripes. It's a great slightly above entry level rifle and a good place to start!