The TT-01 is a cheap reliable car to get into drift with. There is plenty of info available on set ups for drift on most of the major 1:10 Drift forums.

As for LED lights...there are 2 ways to connect them to power but it depends on the LED system you get/have. Some can connect directly of the ESC others require a 9V battery which you can attach on the inside of you body using a custom mount or double sided tape.