I'd love to finish the rehab (around $15K) and even if I didn't make any money, if I could break even it would save me $1000 a month which could be used as seed for another investment.I wanted to take a loan from my 401K (I got about 90K there) but I have a loan in  default for $26K already so they wont let me borrow, until I pay that loan back.

I am a complete newbie to Bigger Podcasts and real estate investing as a whole, however, I am interested in learning and soaking in as much knowledge as I can while on this journey and I believe this is a good start with BP.My name is Jacob, I am based out of the Columbus, OH area, I have acquired a decent amount of savings (capital) through a company I started about 3 years ago.

Make sure you educate yourself in every way you can soaking up as much information as possible.I would say to start off with, look around your campus for rentals.

Seems like an insane risk, but my family, who is extremely wary of getting into debt (wouldn't even let me borrow 10 bucks for a Bionicle set if I didn't have the money) seeded this idea, along with some other very level-headed and experienced family friends.

I develop relationships with my clients, learn their strategy so we can serve them better- and the whole time I'm soaking it in like a sponge.  

Yeah I’d be very skeptical here if the builder needs your seed money to get a loan.... somethings off. 

You "seed" money must be used over and over again. 

We are in our first house now and want to either sell it for seed money for a live in flip or keep it as a rental if we can get enough cash/ seller financing/ hml.

Any ideas on best ways to raise seed capital for a short term reno and flip?

Soak Up all this knowledge on BP like a sponge then put your boots in the dirt.