Average returns on $200k in VTI or VOO turns into about $3M in 30 years even if you contribute $0 between now and then.

But, ON AVERAGE those properties appreciate about $325-$400k per year.

The advice is downright bad; not applicable to the average Billy & Barbara, some signs of bragging among other concerns.

Last two years I averaged $4300 for the season.

To replace your income you need to flip a lot of houses, I'd do the math with an average 10-15% profit margin, because you have to account for some turds.The other opportunity is to change your job and take out the element that you hate.

but on average takes 60-90 days to get to closing from the point of introduction. 

I have financed several short term rentals and the above average value properties have been a challenge to get a supportive 1007.

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Sure, we can say we have a 98% rent collection rate or that most tenant placements average 27 days etc etc but notice the "most" or "average".

Each potential buyer has come to their own conclusion that it would be too much hassle and risk to manage in this fashion vs a traditional rental even though the average cap rate in our area has been half that at best.