will your process give me the basic framework to purchase tax liens in Mississippi and Louisiana as well?

Broadly speaking, you can apply the below framework.1.

That framework distinction interests me personally and then allowed me to explore what I hope to set up, which is a "mother" LLC that can then be a member of other LLC's, VS you being the member. 

So far I've devoured books, blogposts and youtube videos on different topics, but one that I'm not yet 100% comfortable is the methodology on finding a market to invest on.I live in CA and I think the prices are crazy high right now, so I'm evaluating other area, but need a good framework to select it based on my investing goals.What would you say are good techniques to pick a market to invest on?

Fast forward almost seven years later and I am now willing to pay more than that, but rents have gone up a lot in the meantime so that original framework is no longer valid. 

I think moving forward, I will tour these areas, and any other, with a more investor-like framework.

The organization is obviously pro short term rentals, but they are committed to establishing "a reasonable framework for regulating short-term rental activity so that all may benefit."

Be sure to work out a general framework with your partner on how important issues should be considered which you can provide to the lawyer so important considerations aren't overlooked or assumed.Should you decide that separate LLC's are preferable you can always buy individual properties in a property specific LLC or with a Tenants In Common title splitting the ownership interest of each LLC on title. 

When ppl say there is a “high demand but a low supply there... ” I’m curious as to where to find the frameworks for that information.Do you just keep an eye on prices in that area?

For NC reference, NCGS Chapter 45 contains the statutory framework for deed of trust, with Articles 7 and 9 dealing with future advances and equity lines of credit, respectively, and power of sale, generally applicable to all the security instruments handled in a trustee sale.