You can store the database on your disk space and create a DSN from the CP specifying server address. I am not sure if this available for alll drivers. What type of database are you talking about?
It depends. If your database is stored on your disk space, a log file should have been created next to it. If this is a hosted database, you can find all other log files in the "log" folder in your root directory. However, I wouldn't recommend deleting any log files till you are low on disk space.
I just ran out of space, and I went and deleted some of the logs, but on my status panel for the database, it still says I'm used a lot of my space left. Does it matter that the cp still did not change?
You only see a change in your Disk Usage meter if you deleted logs files over 1MB. If you have ran out of disk space, the best thing you should do is upgrade to the next package or buy some more megs
The problem is I only delete my logs when my quota is reached on my ms sql database, and I can't just keep buying database space! Perhaps I'm not deleting the right logs?