But, for instance, using the $4,200 a year earned on the Bigger Pockets "Real Math" example (https://www.biggerpockets.com/renewsblog/2013/01/1...), how do you turn $4,200 a year into something you can live off of? 

This would include, for instance, an emergency repair on a refrigerator a tenant has to have done while you are out of town.

For instance, will there be all wholesalers there tonight, like you?

There are instances where we do recommend turn-key provider properties, but that's definitely the exception, not the rule.One downside of working with a turn-key provider is that they own the property they are selling.

For instance, 38th & Oklahoma is a completely different neighborhood compared to 15th & Becher, yet both properties would be in 53215.

for instance, in a town in nj, my $200,000 home was assessed at $92000.

I only refinance if the property, or the next property, will cover the payments AND I still make money.For instance, I refinanced my residence and pulled out $50k from the equity. 

Say for instance the seller (owner) has no existing mortgage.

For instance, I don't like touching appliances, I have a guy who does it and is very reasonable.

For instance: I was listening to the bigger pockets podcast number 13 and leon yang was talking about vegas being a good market, because houses are cheap and they rent out for a good amount.