My wife and I own a rental (lived in for several years, but not recently). We'd like to sell it and use the proceeds to buy a new primary residence and then either convert our existing primary residence to a rental or...

A little bit about myself...I was born and raised in Westchester, NY (about 45 minutes north of Manhattan) and currently have a career in Interior Design & Textile Sales, with an extensive background in residential design & construction.

If you would like to go into more depth on Co-Wholesaling, just reach out to me and i'll answer any questions you have on it.2) Driving For DollarsDriving for dollars is the cheapest and least risk for acquiring property (unless you are in a bad neighborhood, haha)in short:you drive around and take note of all the properties with deferred maintenance, boarded up windows, over grown grass, or obviously vacant.

There is a house that has been vacant for a couple of years that is in moderate condition and it has never been listed for sale.

Based on what you said there is no money in this property whatsoever.You take 105 and add in arrears, legal fees, and all other kind of stuff a lender tacks on and then add on repairs the property needs there is no money.Might could do a short sale on it.

I thought there was a forum here on biggerpockets that listed homes that is for sale that would be great for flipping. 

Did you acquire this land and start the project? 

Watched Marcus Lemonis on the profit and it seem you can invest in food trucks for  a cheap price and put the owner and some workers in there and take a cut of the profit as an investor.The traditional restaurants you have to drive very high sales per sq ft.

First option leaves me with a paid off home and a slow start on acquiring properties. 

I have a great business on the sales side of Real Estate but I have been itching to start investing for myself instead of just helping others.