Hey Everyone,
My problems were compounded by:
1) My PC had multiboot option, where it would boot into a Media Player mode (which refused to copy out.)
2) My UAC settings had to be stepped down to "Do not Notify"
3) My Remote Access had to be "less secure"
4) My firewalls had to be disabled.
5) And the one which is most relevant to the thread, is "If your vCenter server has to be accessed via VPN, then the VPN has to be UP on your Source Machine."
Or it fails with the error above....
Enjoy, and I hope my reply was helpful!