Should I buy/Rehab property with S-corp then purchase from it?

[Juan Contreras]

I will be filing as S-Corp soon in order to begin flipping business. I will be using a HELOC to fund purchases and repair costs. After rehabbing, I would like to keep/mortgage the homes as investments properties in a separate LLC. Should I use the pass through entity to write off the costs of repairs and use the other benefits of the S-Corp then sell it to my other LLC? Essentially, it would be a flip that I would buy.