I’m self employed. And looking to buy in a year or so.
I’m thinking I’m screwed for a while.
Maybe, maybe not. If you have verifiable assets, some options exist. If your “AGI” on your 1040 looks decent, or does so when depreciation is added back in, you may also fare OK.
Also - some lenders allow the average bank deposits for a year to count as income - although mostly subprime lenders do that. Freepmail me for more info if you wish.