Yes, you can deduct related expenses including gas, loan interest, insurance, etc. using the actual vehicle expenses method to deduct auto expenses for your rental or other businesses. 

The other method is to use a “safe harbor”, i.e., the specific procedures laid out by the SEC in Regulation D.  

- Are there specific tools, resources, or methods you use to simplify the regulation process?

I have a 6-figure land business & am just here to help (no affiliate links).The best land investing program I have seen is Jonathon Haveles with The Land Method and Land Riches Blueprint. 

I’m sourcing carefully and trying to approach it methodically, especially with the added layer of investing out of state.It’s good to hear advice from someone with experience.

Joseph, the best method for you would probably be the MLS or sites like realtor.com etc.

If you’re using a car for business, log your mileage or depreciate the car; whichever method is favorable to you.

If you have the time to devote to it, direct to seller methods can be very effective, but will take ultra-patience and intensive work. 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

For me, I’ve been testing a few different methods recently, but I’m always looking for new ideas to take my wholesaling game to the next level.