I have $6,500 cash in the bank and am planning on selling an extra vehicle worth approximately $5,000.

So i'll tread lightly.The space will be for my business, utilizing the garage door for vehicle entry, and the sq footage will have 1 or 2 car lifts.  

Save the money and finance the vehicle.

He can invest passively into real estate deals (or other investment vehicles)and watch his money grow.

This job taking up a lot of my time which i would rather be using to get me towards my goal of financial freedom of which real estate investing is my vehicle of choice!

The amount changed from last year I believe this year for 2016 taxes is .54 cents per mile. you need beginning mileage and ending mileage of vehicle for year of 2016, 

Also, I would use the power of leverage when you can as it is one of the things that makes real estate a great investment vehicle for building wealth.

In my opinion that would be tantamount to putting full new purchase price as the value on a vehicle that is 10 years old and doesn't run.

The example I give is that of an Investment Vehicle.

Their townhome is paid for and with any luck their remaining days will be spent there.My wife really would like to buy the property as an investment vehicle and the ranch townhomes regularly go for around $300/$325k at least.