Help! Question re: Creative Financing in California

I need some advice please on how to find great mortgage brokers and creative lending options California. I met with a mortgage broker last night who contradicted everything I've learned, perhaps he doesn't know what he's talking about. Here's what he said about lending in California:

- he said "no institution or private lender in California will allow anyone to get a loan without putting 5%-25% down, and they will not allow that 5-25% to be creative financing, such as "owner will carry" -- nope, we have to pay it up front."

- he said "no institution or private lender in California will allow you buy a property to flip it, you must live in it for one year first."

- he said "no institution or private lender in California will give you a loan for the appraisal value anymore, so if you can contract a $200,000 house for $100,000, it doesn't matter that you just made $100,000 in instant equity, they still will only give you a loan based on the sales price, not the appraisal price."

- he said "once you own four properties, it becomes difficult-to-impossible to get more loans for more properties because institutions and private lenders begin viewing you as a risk, despite how much cash flow or equity you have. There used to be 'portfolio lenders' but they have gone away."

- he said "the only way to get creative finacing in California is with owner-financing only."

Help! I simply do not believe this because it goes against everything I've learned from Dean. If there are any investors here in California defying these conventional rules, I would greatly appreciate any advice you have for finding better lenders and brokers.

Thank you!
Valerian