If you where going that route I would also ask for 1 or 2  two year extensions.

You said the mold was very extensive and it took a lot longer. 

In some instances you can get away with a lower interest rate in the beginning years of the loan with a 2-1 buy down.

Seems the Crowdfunding approach may not be the best for RE except for instances where the target is $100,000 to maybe $300,000, too many restrictions.I also remember listening to Alan Cowgil ~15 years ago talk on raising PM.

Had lots of interest, filtered extensively to obtain a quality tenant that would maintain the property. 

They would have less say in the property but when you go to refinance or sell in most instances they would automatically be set up to get paid off.There are a lot of other creative ways you could probably do this, but these are the first two ideas that come to mind.

In many instances, the bulk owner is on the board of directors for the community, and in some cases, the bulk owner(s) make up the entire board of directors.

But, I was soon to find out that without any experience in the field I was just another applicant that would need extensive training to bring up to speed. 

For instance, where does the information come from to run the numbers?

Check to make sure you're rate lock extension allows for that.