No other state allows RE Brokers to do loans.. sounds like some confusion on RE broker and Mortgage Broker.

A good starting point would be a 10% 2nd home loan or an owner occupied 5% loan where you can convert a basement or studio into a simple 1 bedroom unit and basically let your guests pay your mortgage. 

The difference between a deadbeat dad not paying child support and a mortgage note is that you have the security against the property.

They now have a company called Scottsdale Mortgage https://scottsdalemortgageinvestments.com/.

And it doesn't always match up to half the mortgage since the mortgage has nothing to do with rental rates.

Mortgage payment with 25% down is $1,011. 

All of the surrounding areas are good investing areas (and cheaper) as well.

So then I shadowed a mortgage company, and fell in love with it! 

You are dealing with 2 immovable objects in HUD and Chase and you would be better off with a mortgage broker that would have options. 

That brought the monthly mortgage to within range of over $200/month cash flow.