wholesaling and buying rentals with a partner using LLC or S-Corp

[Devin Wilkinson]

I am currently completing my first wholesale deal with my partner and we are ready to start operating under a real company. We plan to do wholesaling but also buy some rentals as we go and I don't know whether we should start an LLC or S-Corp. From my minimal understanding an LLC is best for buy and holds but for flipping/wholesaling I have heard an S-Corp could be beneficial. I do not know which is best since we are doing two different things. Or would it be best to wholesale under an S-Corp and buy under an LLC. If so can i still make them the same name. The company will be owned by myself and my partner, we are both college students so we do not have a W2 job (We will have a summers sales job 2019) so I want to figure out which will be most beneficial tax wise. We want something that we can grow with because we plan to do a lot more than a few deals a year. I know there are lots of variables and "it depends" when it comes to these things but any help would be greatly appreciated!

Thanks!