What other aspects should I be considering to avoid IRS considering it as a sale?

The first piece of advice that I would offer up is to really get an understanding of what your exact goals are, and then be specific about defining your investing strategy. 

I am trying to define what I am looking for, my avatar for a buy and hold investment in Rio Rancho, NM.

My passion in real estate is to be in this game for the long term and to learn the different aspects and be good at them.

You are certainly on the right track.  98% of success happens in between the ears, the more and sooner you work on that aspect (the inner game) the faster you will succeed!! 

HI Mohan,If your new job is in the same industry that you've worked consistently in the past two years or you just left school and are going into a full time salary job you can use schooling as employment history then you can use the stable aspects of this income going into this qualification.

If you don't mind sharing, I'm curious as to how the deal is defined and what the numbers are.

I am intrested in all the aspects of investing like  wholesaling,residential redevelopment etc.I am Happy to join the community and introduce myself and learn from your experiences as well.CheersVinay

These are all terms defined by the Colorado Real Estate Commission. 

I own a property management company that handles every aspect of your rental even evictions and maintenance issues.