What is the best business entity to have a fix/flip business under? Tax advantages?

[Jared Anderson]

I will present this same question to a lawyer but just so I have an idea going into that meeting please help me with the following question.  

What is the best business entity, for liability and tax purposes, to have a fix/flip business under?  

Are there certain strategies flippers use to get the best tax breaks?  I am aware of the 1031 exchange, I was curious if there were more.

I am in Houston, TX for location specificity.