First $1,600 for origination fees, then $3,200 for MIP (Mortgage Insurance Premium), then $1,600 for mortgage security instrument, then he sent me an approved wire transfer from some fake Chase bank with the loan amount to be wire  transferred to my account.

You'll pay top of the market price and with the current mortgage rates, it's unlikely your payment will be covered by rent.

When they say no to that, I have to go pretty low on the offer because I have to get a hard money or private money loan and its going to be about 10% to 12%. 

My mortgage is $1820 + $430(HOA) monthly and I owe $288,500 remaining.

Then it is time to invest in real estate.There are other legs to the three legged income stool… appreciation, and mortgage pay down.  

Seeking advice and financing options for an inheritance buyout of a mortgage-free property, where I am one of a handful of beneficiaries.

They are investor-friendly mortgages that qualify a deal based on the rental income and do not look at your DTI in any capacity. 

I KNOW SOME LENDERS WONT ALLOW A TRANSFERABLE MORTGAGE. 

Can you roll the SA into the mortgage?

If you have a mortgage on your personal residence I would flip houses until you produce enough cash to pay it off.