I was born and raised in Dallas.

Does anyone have any knowledge of the crowd funding space?

As per my knowledge you can take up to 50% funds out of your 401K as loan.

Our only problem is getting the funding.

I want to be able to learn the whole buy and flip of a property from Acquisition, Rehab, Sale, and Raising Capital.  

In order to get to that point I think I need to start by fix and flipping to raise enough capital to buy more than just one rental home.

As suggested, focus on what the rest of the credit report tells you regarding history of collections, accounts 60 and 90 days overdue and just how much of this applicants funds are tied up in financial obligations (car loans, student loans, etc.)

As I'm conducting more research,  I believe it's best to start off without forming a legal entity until I secure sufficient funding.  

A redacted proof of funds never hurts…don’t make them ask.3. 

Talk to them first, but raise rent to market rent, background screen, credit check, and offer lease.