My CPA is now telling me that this asset management fee will be subject to self employment tax.

Being self-employed is totally fine to Conventional types of loans.  

They don't take into account your income and employment, only the fact that the rents equal or are more than the PITI payment.

Manly men, as opposed to girly men).Kegorator, electronic darts, poker table w/cards & chips, BluRay player and a collection of porn, Roku or smart hdtv, gas grill & charcoal grill, suit of armor, life size stand up picture of Marilyn Monroe, .22 cal pellet gun with pellets and pigeon/starling/squirrel bait and a critter count score board, horse shoe pit, firepit with several tons of firewood, that's all I can think of right off the top of my head.

You need to use the right BAIT.

Is this 401k with your current or former employer?

@Scott Matthew Courtney, thanks for the reply.. it's a federal tax lien for "small business / self-employment area #2" against the named tax payer for "1040 kind" of tax.

I was wondering if anyone could relate their experience qualifying for and FHA loan (or any conventional mortgage financing for that matter) while self-employed.

As far as verifying income, you just need to call their employment (don't use the number given by applicant-- use official business line)  and verify they work there, and how long, and ask if the quoted amount sounds right for their income.  

I can screen based on income requirements but not whether someone is employed?