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

I would definitely have some reserves saved up in the event that anything comes up. 

Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.

You can find them in the events forum tab and on places like Meetup dot com and your local REIA.

The actual benefit of syndication is only if there are special event where sponsor is so smart they can make 30 percent IRR in industrial space , but for multifamily no such thing exist ..also with common waterfall these days most risks are taken by LP investor while GP reaps the most benefit.The actual benefit of syndication is we make GP very rich lol

A great way to start is by attending RE events and joining a local investors association.