So if your property is paid off, you'll need to draw for something (purchase, paying off another property, vehicle debt etc.) typically to the tune of $100K. 

There are rules such as that it must be used exclusively and regularly for your business.Regarding the vehicle - there are 2 options for deducting the expenses(Standard or actual).

If I violated some community rule by posting on a tax delinquent investment thread on the vehicle with which those investment types are made available in Louisiana, apologies.

I am a progressive customer with my primary residence and vehicle already. 

Bad debt = credit cards, vehicle loans, personal loans.

Be prepared when the bailiff leaves and take several photos of the mess at the curb with the bailiff vehicle in the background and also take photos of the bailiff vehicle driving away, again with all of the mess at the curb in the background. 

Your main job is learning what Real Estate is all about, you seem to have a strong “why” for using RE as your investment vehicle.

Does the applicant own other vehicles that made that giveback vehicle unnecessary to keep?

The company's arguments for giving students the option to market its education are:  1) it keeps the money in the community where it can be reinvested rather than sending it to ad agencies or other advertising vehicles, 2) It allows students another mode of cash flow so they can build an operating/investing budget with which to start their RE investing 3) It helps train students to become salespeople, and this discipline is valuable in real estate. 

Now i have a new lifted high end truck which was stupidest thing ive ever bought being i never had a new vehicle.