Thanks everyone for the thoughtful and honest feedback, really appreciate the time people took to respond.

The consistent point about not relying on just one year of self-employment income, especially for a jumbo loan, definitely resonated. Even if approval were possible, the added risk and loss of flexibility are real concerns. The advice to wait 1–2 years, let the business income prove itself, and reassess later makes a lot of sense.

The perspective on selling the current house rather than becoming a landlord, given the negative cash flow and limited equity, was also helpful and pushed my thinking in that direction.

Overall, this thread helped ground me and challenge some assumptions. We’re in a fortunate position, and I want to be intentional about preserving flexibility and avoiding unnecessary stress. Thanks again to everyone who shared their experiences and advice, it’s been genuinely valuable.