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I'm about to purchase a property for a short term rental and trying to figure out whether to hold the property in a newly formed LLC, trust or in my personal name. 

The weed and drugs they are doing should be a clear indication of getting them out and getting other people in (however this looks for local city/county allow you to  get them out).

Hello,I'm considering remodeling my current home and eventually renting it out when we purchase a new place for our selves.

Makes me wonder why more of them aren't making proper efforts to educate themselves on value and instead think that a house selling for say $250K is a great deal because it is much cheaper than houses where they are from. this happens at every foreclosure auction through out the country.. 

The current owners do not have a mortgage, and would sell it to me direct.Since the don't need the cash, I'm going to offer $50k down at a 3% interest at a 30yr rate, but buy them out and remortgage it with the bank at year 5.No money needs to go into it, i have a $100/mon HOA, ~$800/mon escrow.

How should I go about trying to find deals out of state?

I am flying out of Chattanooga this morning,but was here the last few days getting a feel for the city.

One of the LLCs the own 50% of the parent company can take out the mortgage and that LLC owner would be the one who signs on behalf of his LLC.

While you’re at it don't forget to set up keyword alerts for topics that interest you: http://www.biggerpockets.com/alerts If you haven't already, also check out The Beginners Guide (http://www.biggerpockets.com/real-estate-investing) and BP Podcasts (http://www.biggerpockets.com/renewsblog/category/podcast/) are packed full of great info.