DTI House Hacking roadblocks

[Sean DeRue]

I apologize that this is far from brief, but I earnestly appreciate every bit of help, and thank you for even just reading the post

Coming this next year at Purdue University I would like to house hack somewhere in order to start my financial house ASAP and be financially independent by the time I start a family. I have read the new BP house hacking book (great read) as well as have learned the general information over the summer. There are a few single family houses that I think I would be willing to house hack and convert. I have some pretty big road blocks in terms of financing, so I'll list them, my current tentative game-plan, and some avenues to resolve them. I'd love to hear of any additional advice or opinions anyone might have to help me! :)

I would like to use an FHA or 203K loan, since I don't have the funds for a large down payment. I can currently only offer around 6k for a down payment (But that is all I have saved right now, and I will likely get a job so I can make the purchase before next year). The kicker is, the DTI; I don't have an income yet, and while I am almost licensed for Real Estate, a commission job requires 2 years to be considered income. I doubt I would be able to able to consider any existing lease on the property as income if I don't have it yet. I am being diligent to build credit with my Discover It Secured Card, but my 6 month mark on that is not until February, so until then I don't have a proper score. There are a few loopholes that seem to be present in the DTI that I would like to explore with lenders to hear their opinion, such as funds already built up.

Based off of the estimates from the Wells Fargo DTI calculator, it seems I should have an annual income of 35500 to have good chances to qualify for an FHA loan on a 130,000 property. There is a high possibility that a better deal for a more expensive property comes up by the time I can actually purchase one though. The advice I'd like on this regard:

• - Is there an employment field you suggest I look into that could offer a W2 annual income sufficient that I could do while in school.
  

• - Is school even worth it to get a management degree vs going into the workforce if I just want to become financially independent  through Real Estate ASAP

• - Would it be smarter to try and find a partner to fund the investment? 

I am eager to discuss this with anyone willing to offer advice, and again: I so so appreciate you taking the time out of your day to read/comment!