Looks like I would need a Litecoin account?

So like coinbase to Shapeshift to ?

What is the best (cheapest and fastest) way to buy Litecoin with Bitcoin?

 Would buying a small power plant be very profitable just to mine for bitcoin?

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P.S. - You probably will not profit from these hardware miners, but if you do decide to do it for fun or hobby, these are simple to setup.
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Is anyone making money at these prices now?

Read this ....
"At its peak, the Changcheng factory churned out 100 bitcoins a day at each of its six sites, but the group of entrepreneurs is finding that as the level of difficulty and computing power increase, the ratio is gradually changing. The process uses about 1,250 kilowatt-hours of electricity, and the group's monthly electricity bill is about $80,000. They are currently mining from 20 to 25 bitcoins a day."

Here - http://www.mining.com/inside-a-chinese-bitcoin-mine-20076/