So a junior agent at  a large company as an example has to do 10 deals to my one deal etc.Once you close some big deals in the six figures then you can go 6 months for example without income and no big deal because you have other deals closing.

Do you have an example?

Are you only able to refinance if the appraisal and purchase have a substantial differential, such as in your example? 

Some examples, trash, laundry, parking.D) Materials - someone mentioned durable flooring above which is a great example.

Examples: New Lally columns and footings in the basement to replace temp. columns, 48 sheets of blue board and plaster in rooms that didn’t need any mechanical work but had bad horse hair plaster.  

If it's only worth $50k for example, then it's a bad deal.

Do you have examples (pictures) of past projects completed?......

For example if you find a motivated seller you can joint venture with a person to bring in the money and split the proceeds. 

For example, having a 6 figure annual cash flow, it would be safe to purchase properties that you wouldn’t dare purchase starting out.

For example, you must identify (formally) your potential replacement properties within 45 days of closing the sale of your original prop AND you must close on one of your identified properties within 180 days of your sale.In order to avoid taxation completely you must purchase a property that has the same value or GREATER than the value of the property you sell, AND, you must have at least as much equity in the new property as you did in the old.