Figured out the most simplistic system for spawning anything at the player's location. Thanks to the Epic designer who created the UMG Inventory tutorial series for showing how to do this.
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Now I'm just trying to spread the love.
Watch video UE4 Quick Tutorial - Spawn Actor at Player Location with Blueprint online, duration hours minute second in high quality that is uploaded to the channel TorQueMoD 02 May 2015. Share the link to the video on social media so that your subscribers and friends will also watch this video. This video clip has been viewed 49,206 times and liked it 557 visitors.