@Marcus Stokes, house flipping is a full-time business operation, even with current market conditions.

They lower taxable income for federal taxes but not for FICA.However, employer contributions made by the S-Corp are not subject to FICA and count as a business expense.Make sure your W-2 correctly reports wages, deferrals, and FICA wages.

As for your ques if to wait, well, it depends on the market, in some parts of the country prices are still going up, slower, but still going up, other parts the prices are coming down, you know that area, what is happening there? 

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I am no way affiliated or benefit from these referrals, just like to pass along good business!    

Hi Asiel, Nabil I am new in the wholesaling business as well.

This is basically a math problem that will depend on both you personal finances & also how much of this is an investment vs you want a nice house to live in4.

•Downtown Orlando offers a different rental audience—primarily business travelers, medical professionals, and convention attendees.

If it’s multifamily, I’ve been in the business for 20 years and can share some insights.

thanks for the guidance @Kaushik Sarkar Since it's development it will take longer to get to the exit. 3 years could be right depending on the market, if the project requires entitlements, how long it takes for permits, no major utility obstacles, etc.