Should I Set Up an S Corp?

[Andrew Erickson]

I'm setting up a legal org for my real estate project. Which type of legal structure should I set up? 

Big Details: 
Property (and me) are located in San Deigo, CA
Property is worth $900k (I own it personally right now)
Equity is $200k
I'm about to get a $2.2M loan to refi the main property and do construction to build 6 ADUs in the back.
Hopefully, all costs (including the cost of capital) are going to $2.5M.
After Repair Value is $3.2M-$3.5M
Net Profit should be $700k-$1M
I'm looking to hold it for 2-3 years. I could hold it longer if there is a special opportunity like limited taxes too.

Does it make sense to set up an S-Corp? Or are there other options I should consider? 
Thank you!