Here are a few tips as you step out on your own: Attend local REI meetups and events in DFW to connect with other investors and contractors.

These are markets where in the event the first time doesn't go completely as planned, your lesson wouldn't cost you as much as most other markets.

As others have said there is no way for you to access those funds for personal use without taking a distribution which will be a taxable event...3. 

Find local events via eventbrite, meetup, and here on BP. 

I also met him personally at another event.   

They're good to have open access to capital/cash/equity to a property ahead of time so you can execute a deal or purchase when the time comes on a split second decision (versus having to apply to a loan at that time which might take 20-45 days to get approved/closed/etc plus by that time you dont know what your future income/credit/assets will be like in order to qualify anyway).The second use is sleep at night factor and having a reserve of capital in the event an emergency event occurs in life.For these two reasons is why I use lines of credit.

Event with all that the sale prices have been over the list price on average close to 1.5% over, which would seem a bit counter.If rates end up dropping a decent amount at all the prices could rocket even with inventory growing again. 

Your attorney should be able to note all the details surrounding this event, and let you know if you have a good case/stance to sue or not.  

Would it be advisable to move my LLC from Florida to Delaware also in the event I need to go to court to recover the loan would an llc in Delaware be better? 

Agreed - wish the BP functionality was better on the events stuff - also would check out Meetup, facebook, eventbrite too