Even if you move out, you can still cashflow +As for single family or multifamily, you can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

We are going to buy a property for purely rental income in Phoenix AZ area with good schools.

My goal of becoming a broker is two fold:  1) Build a career with high earning potential   2) Use that income paired with the knowledge I would gain to invest. 

We verified their income from those properties and discussed their renting policies.

You’ve screened their income well. 

Their money is loaned so they should be earning interest.

My question is, if we buy this property with all cash and later, refinance with the bank, will the bank allow me to put the loan in my name only (assuming I qualify with just my income)?

You would also want to move this to the K-1 activity on your 1040 tax return so future net rental income (profit) can be reduced by prior disallowed losses.Happy to help.

Depending how much you earn you can step up those savings by getting a side-hustle in any part of real estate....working for a top Real Estate office on weeknights and weekends, working for an RE Investor, working for a General Contractor and learning a few skills, etc.

The only way I could see you do that is if the property paid your husband for the work, but then you would have to claim the labor income on your return.