Flippers salary or profit?

[Zaid Badabwan]

I am new in property flipping with two other partners. I would like to know if we should have salaries for our work? or wait until profit is realized at the end of the year? Is paying salaries reduces profit and therefore reduces capital gain? or profit is taxed only once as profit and not taxed as capital gain? I Would appreciate if somebody explain this issue fully so I would know the best practice.