After discovering the wonderful world of twitch.tv, I decided I wanted to stream some games I played. However, setting this up in OS X was tricky. It required that I download Alpha release software (OBS), hack Yosemite (soundflower), and tolerate buggy implementation. This just would not do. The solution on the other end of the spectrum was $500 for Wirecast. I wanted a functional, enjoyable solution and didn't want to spend $500. I also wanted something that made broadcasting as fun as the game I was playing.
This solution makes use of a used nVidia Shield tablet (used $200), an iPad (used $200), an OTG cable ($20), an Apple USB to Ethernet cable ($30), an OS X box (the gaming rig), and parallels ($40 on sale).
By putting all these together I was able to create a streaming studio that does not stutter or drop frames, is fluid, and works with any game I choose to play (I'll add how to stream iOS games with it later).