@Shane Craig I create the LLC of my company in the state I live in and a foreign LLC in the state the property is located that will take title to the property.In other words, my my investment company is called A&M Equity Group, LLC, registered in the state of Alabama, and we bought a property in Texas that we raised money to purchase.

And then do i just take the signed assignment contract to the title company and they handle taking the funds from the seller and new buyer and disperse the agreed upon assignment fee to me?

https://leg.colorado.gov/laws   Title 39 Article 11/12

Try searching on “IRR” or IRR cash flow” in titles and see if you can find them. 

The property is owned by Bank of America and has a fixer upper home in the front with a mobile home in the back of the property that has been rented for an unknown amount of time.Both a survey and title search have revealed that the mobile home is on the property and has been detitled and joined with the property.Has anyone has run into this type of scenario before and have any tips or advice to give?

When I saw the house photo I instantly knew this was Houston, TX.I had an identical deal, BRRRR turned Flip, this past summer in NW Houston. 

In these types of situations, I find it far safer for me as the buyer to take control of the property by doing this a subject-to type of transaction (we get title and record with a title company). 

I know that in Oregon you can get sales contracts at places like Staples and then you will just take the paperwork to a title company to assist in the transfer.

As the title says, Im looking to find out if applying to multiple mortgage lenders will have a big impact on my credit score?

They have more skin in the game then you do.Make sure you get clear title.