Ina, there are several lenders servicing the NYC multi family space that pretty loose about income and tax returns as long as the property shows decent rental income. 

I don't make much money from a tax return stand point but I don't think it'd affect my DTI since I'd be using potential income and I don't have debt.

As Chris mentioned it works the same, however, the tax credits and incentives may be different for a primary home vs a rental.

I'm also pretty sure that 2 of the tenants are getting government assistance and I think they are longer term tenants.After taxes, insurance and with the owner paying for heat and water the owner claims it is netting $20,000 per year.

I paid him several thousands of $ - well above the $600 tax threshold.

As a buyer I’ll want to pay less if I owe commission on the acquisition.

If not the swap, the non-profit might instead offer as much as 1.25x the value in cash, in which case I might consider selling or could just keep it for now (taxes are virtually zero).Does anyone have insight or suggestions on commercial real estate that could help inform this decision?

And are there additional taxes that Arlington County levies on AirBNB operators? 

Why MIS is so unpopular method to defer tax??

And it is tax deductible.