Considerations for starting flips, have questions

[Geetika Casmon]

Hello, i am venturing into the flipping side of realestate and have already submitted offers to buy couple single family homes to rehab. I don't plan on flipping to be a full time job but anticipate doing 2-3 flips a year in addition to purchasing buy and holds and my full time job. We have a great team of folks we have partnered with to increase our chances of success with the flip. But I have some questions.......

1)If my intention is to flip, is there anyway around being considered a dealer as opposed to an investor especially if I don't intend for that to be my primary source of income?

2) If marked a dealer and now being subject to higher taxes (including self employment tax), is forming an S Corp the only way to relieve some of this? I've read it helps by avoiding the Medicare and SS taxes? But wanted to get some answers from those more experienced. 

I realize these are potentially sensitive tax questions and I plan on speaking with a CPA specialized in tax but wanted to find out more from BP community so I can go to them with specific questions.  

[Brandon Hall]

@Geetika Casmon before you go through the hassle of forming an S-Corp for tax purposes, you need to consult a CPA who will help you determine a "fair wage" and then if it's even feasible to go the S-Corp route. I've found that for the extra documentation and tax savings, your flipping business needs to have a gross profit around $50-60k. Gross profit = revenue - cost of goods sold (COGS).