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.

Approval process is the usual, you need to fill out a form with all the usual info including social security number of course............ it got me thinking.In todays financing world i get many calls for creative lenders. how can you check that these company's are legit?

Yes, a very big learning curve.Your research should include online efforts to determine if owner(s) are, in fact, deceased which can be determined by social security death index. 

I am planning to maximize and utilize this time to educate myself, understand the market trends in terms of incline/decline of housing volatility (mortgage perspective), job movements, and social/economic/political factor that influences in the RE market.

You have to analyze opportunities and understand the financial implications (including the opportunity costs) of proceeding.  

I do understand the financial implications of the property being non-warrantable.  

Tried searching on this specific topic and couldn't find anything.If a single individual person deeds an income property they just acquired to a two-member LLC which they are a member of, (let's say two examples: an LLC with 50/50 ownership % between the two members, and another with an 80/20 ownership %), what are the tax implications of the sale/transfer for the individual selling and the LLC? 

Meanwhile here are a few tips:Here is a Guide to Getting the Most Out of BiggerPockets: (They are also above in the forum, but are a great way to get started) http://www.biggerpockets.com/rei/biggerpockets-com-tutorial/How to Effectively Use the BiggerPockets Real Estate Social Network: http://www.biggerpockets.com/renewsblog/effectively-using-the-biggerpockets-real-estate-social-network-to-build-your-business/Here is a great feature to BiggerPockets: The keyword alert system:http://www.biggerpockets.com/renewsblog/2012/12/19/keyword-alert-system/I look forward to reading your success stories in the future!