I need some advise on whether I should apply with an F on one subject or wait an entire year.

Where are you applying? Are you in an AA-T program that tracks into a certain CSU major? If so, are chem and calc lower-division requirements? Is your major impacted, and if so does it require better than a 3.0? Have you finished your GE’s? How many credits do you have? I doubt that failing chem on purpose is a good plan.