You should talk to a qualified attorney.  

Cherry on top though is this loan will qualify me for a 25k grant for pre-dev costs. 

However, I must have just glossed over the ag exemption that also qualifies the property to have a 2 year right of redemption.

I currently make around 40k in 1099, this is going going be my second year declaring this much and un thus way so I think I will now be able to qualify for some mortgage, but how exactly will this need to be done?

I just want to know the best qualifying questions that I should be asking.

I have never bought a house so I believe I do qualify for an FHA loan.

(only move in to mid to lower quality rentals) If they have bad credit, less than 3x the rent in income, criminal charges or new on the job that is entry level with no previous history of being in the industry or career- denialIt is preferred to have one person qualify on their own and be the financially responsible in these instances. 

The most complicated part is the sale and purchase through a third party called a QI, qualified Intermediary.   

I didn’t think I would qualify since I am not a real estate agent or a hard money lender.

It definitely isn't as affordable as Georgia, but you have a great credit score and enough of a down payment to qualify to get your first property.