My true leads are usually from direct marketing or social networking.  

Since he is not "selling" his tax implications are minimal.  

When budgeting your payroll tax on your share of the salary, remember to consider the social security portion of FICA is assessed on the first $117,000 of earned income.

The seller must be willing to work with you by doing a "subject to" , "purchase option" or some other similar contract that will allow you to transfer the properties under your name or entity.Also consider the tax implication when transferring property and IRS rules for "discussed sales"However, good luck with getting a loan (non recourse) of that amount with an LLC, especially if it haves less than 2 years and no financial statements that shows that the business is profitable. 

Hey BP,      I'm moving to Philadelphia in a month or so, looking to connect with a CPA ASAP in the area with knowledge in RE (NYS), Local tax implications (living in PA, Philly or NJ?)

Doing the latter, has some implications and potential problems associated with it.I would like to buy, flip and sell remotely from here and only travel down to CT when and if it is absolutely necessary.Obviously, I need to get the ARV nailed down with Recently Sold properties off of Trulia.com or some other website.How can I make offers on these properties.

The income from passive cash flow (landlording) is not subject to social security tax.2.

12.4% for social security 2.9% for Medicare Texas has no income taxesPlus whatever your Federal tax bracket is http://www.taxact.com/tools/tax-bracket-calculator...

What percentage of those funding your deals come to ifunding through your social media presence, and what percentage comes through theirs? 

Too much read tape and tax implications for me.