First time home buyer w/ questions on FHA financing for Househack

[Sam Khoshnavaz]

Hello BP community:

I'm considering purchasing my first property, hopefully in the next 3 months. I'm considering going with an FHA loan and house hacking this property. What I'm looking to get is a 4-plex around 200-300k. I had a question I wanted to ask regarding FHA financing, and that is:

1. Can I get FHA financing if I don't have a full-time job?

Right now, the only debt I have are Student loan debt, that don't kick in till beginning of 2021. I also pay $400/month for rent plus another roughly $100 a month in utilities. However, my rent will disappear as I will be moving back to live with my parents while I try to look for my own property. No credit card debt or payments of any sort. My bills amount to $250 a month.

In terms of income, I am currently unemployed; but previously was working at a banquet restaurant. I also own a few online stores that make me roughly 20k a year.

My credit score is in the mid 700s which i believe is good enough for an FHA financing. My only concern was that I might not get qualified due to the not having a w-2 job.

Do you guys think that I could get approved for FHA lending?