@Lakshmi Nikitha DuggiralaEast Garfield is a very rough part of town.Lets take a look at the dataThe first chart shows the various income cohorts within East Garfield.Note the very high frequency of households making under 10k Vacancy rates are also very high, at 16.5%.

Given the frequency our laws are changed, you may want to hire a property manager to handle this home. 

Dear drweltman,IRS usually looks at the following to classify you as a dealer (list is not all inlcusive):1) The number and frequency of Sales2) Intent for Buying Property3) Extent of Improvements4) Holding Period5) Income generated by RE salesHowever, even if you are a RE dealer you can still own nondealer property (aka investment property).

If you start running an active business (flipping might be considered an active business depending on the number and frequency of flips as well as other investment activity of your 401k) in your 401k it will owe Unrelated Business Income Tax.

Thanks for the tip on the K1 frequency. 

Property taxes is usually a certain percentage of the market value on an annual bases (maybe paid on a different frequency).

Influence on BiggerPockets is directly related to quality and frequency of content such as blog posts, forum posts, books, Youtube and podcast presence.

and if in fact your wholesaling.. homes you are a dealer as your buying and selling with frequency ( at least you hope you are) and your making gains in a matter of days.

They may have requirements on the frequency of testing the water for contamination.

In addition to frequency of transactions, the IRS would evaluate whether the activity is executed in a fashion similar to commercial enterprises in the same field.