For example, If I lend 75k and return double the amount in 7.2 years (lets say someone deals with me) and I purchase a property of 70k which produces a cash flow of $513.24 (not including mortgage since I pay everything up front with his cash).

Like rental income or a stock (which is supposed to produce dividends....whether dividends are historically/currently declared or paid is moot to this discussion)A capital transaction has an underlying concept where the asset itself generates its own income.With ordinary income, the only way to generate the income is to sell the asset. 

I've broken my next 9 months into short-term, mid-term, and long-term goalsShort-Term Goals (NOW)Meet People on BP, a network in my target locationsDo things that are "free"Get on MLS mailing list's, whole sale sitesContact banks about what type of mortgages the offer, learn how to refinance a mortgageMy knowledge is extremely limited hereListen to podcast, attend Webinars, read the forums on BP'sFind Potential Partners that need someone young and energetic to find dealsMid-Term Goals (1-3 Months)Get my feet wet - buy the first propertyLong-Term Goal (3-9 Months) Own 2-5 income producing propertiesWhere I'm Looking:Right now, I'm looking for SFH's and MFH's in the following areas: OklahomaTulsa (and surrounding areas)Oklahoma City (and surrounding areas)Norman (and surrounding areas)ArkansasFayettevilleBentonvilleNew JerseyMaplewoodBloomfieldMontclairSecaucus Jersey City... and surrounding area'sTexasDallasFort Worth AustinHoustonAnd I'm looking to assembly teams in those areas!

Listing it for sale (yourself of course, on all the websites that sell homes) though is going to be a great start to the whole buyer producing process.Something doesn’t add up.

If you take a look at where you're spending most of your time and see that 50% of it is doing administrative work, and remaining 50% of the time you're actually doing work that produces the $72,800 per year, you might be costing yourself a lot of money in opportunity. 

Find the right location and the right project will produce reasonable cash flow.Good Luck.

He might have the selling of the rental on the next day after purchasing, so the capital moves relatively quickly.Other investments are actually income-producing properties that can earn you 12% per year or higher.

The appreciation has produced a nice ROI. 

Then use that refi money to move into the best cash producer you can find. - If you like your friends MF business why not use the refi to go into that. 

The Realtor produced a CAR form AD (Disclosure Regarding Real Estate Agency Relationship).