Can anyone tell me if this is a genuine scam or is this a viable program to use a vehicle to start my Real Estate Investing journey.

Keep in mind the more you write off the less money you will show as you net.If you have (2) full years and depending on how the accountant files your taxes you will have a schedule C more than likely or another schedule that shows profit and loss.

If that's not an option, I would recommend he look into his state and local municipalities' rules on how to handle abandoned vehicles.

This means that someone who makes $43,000/year would now eligible to buy this room condo, and have access to a vehicle through which to build equity in an asset as an alternative to paying rent. 

In my state the standard contract used by realtors addresses this issue by allowing the agent to check a box specifically to limit the seller to keeping the EMD as opposed to going after "liquidated damages" like that.

Maybe you are needing a new vehicle for your real estate business - they can help ensure this vehicle is on the list that qualifies.

Wage garnishment , attach any bank accounts , and or vehicles 

Right now, I do have the "REALTOR" status but wondering if it make sense to keep paying the $800/yr to keep the status?

You have to be up front about how the property is being used.Also, remember that umbrella insurance will not do anything for you if the underlying property or vehicle is not insured correctly.  

. - Getting to keep all the rewards of appreciation over time be it in rents and/or market value.