I'm some what new to trying to figure out how to solve issues like this. if some one could guide towards what solutions I could try to solve this issue would be a blessing.
There are a few solutions in the FAQ thread and many in this section of the forum.
The most common culprits are running 3rd party tuning softwares like GPU tuners and over-clockers turning those off or in some cases you need to uninstall them. Malware and virus scan softwares cause a lot of problems. Out of date display drivers, although I think that has been mostly resolved by the required minimum drivers Oculus has now. Having "special" characters in your file path was causing issues but I think that has been resolved.
Also make sure Rift and all monitors/TVs are connected to the primary dedicated GPU. Nothing can be plugged into on-board video ports or secondary cards (in SLI/CF systems). Thanks.