Need taxable income to pursue househacking?

[Bruce P. Bellott]

Hello all! For the past three years or so I have been very interested in doing a house hack. I am in college and just starting my junior year. I have around 20 -25k to invest into a house hack in Lafayette, Louisiana. My predicament? Taxable income. I want to buy a deal that will work and cash flow and I figure the best way to do that is to go conventional with an fha loan. I have been putting this off since I started college and I have decided I want to pick up a property in the next 6 months. I have an opportunity to start reporting 1099 income for my job. Will it be possible to make it happen if I start reporting income now?? Thanks!