Self employed, several business... Low reported income.

[Kevin Richard]

I found an amazing deal (if anyone is paying attention, the cash deal ppl screwed up and I'm signing a buyer/seller agreement tomorrow!)

It's $172k as-is for a house that needs int/ext paint and 3/4 of the roofreshingled and it would be worth 225-250 easy! 2085 sqft 4 bed, 2 bath in a killer area.

Problem is that I've been self employed forever and though my businesses gross a fair amount (130k, 80k, 100k a year, as well as 47k a year in rental income and I'll rent out current place for 900/month ) but in the end I only take a draw of $3k/month and after CPA is done with taxes I'm at 20k/year n my returns.  And my fico took a stupid ding because the CPA filed my taxes that said I owed 6k and between that and filing the payment plan, they slapped a lien on me for like 2 months... From 750 to 690 :( with that being the only ding. 

I owe about 80k on my current mortgage (cost me 578/month), cars are owned outright, one rental property is used as collateral for a 25k line of credit, another comercial rental property is owned by an llc of mine that is owner financed for like 280k (2200/month),  15k on discover card, 4k on another card, 4k and another card.

Over half a million in assets counting all the properties and equipment in the businesses.

What are your guys thoughts?