Just like a divorce attorney is qualified for a patent dispute because they're still an attorney, you would not interchange them.

(I`m not making a ton a little under $500/week)  My question is.. is it possible to get qualified for an fha loan at my age, with not a lot of credit history (Ive had a car loan past 3 years) working these sort of independent contractor jobs?

But none of these were bought with any skill or direct marketing or any magic.

If you have a solid, qualified contractor who will do that for you... then yes, tell the owner you need your contractor to walk it.

However, I'm wondering what percentage of my time do I actually have to spend living in the house to qualify for owner occupied financing? 

I'm debating on getting a qualified GC or hiring subcontractors for each major job, rebuilding floor, roof, ac, plumbing, ect.  

@Zaki Kaddoura as a renowned historian, known far and wide for my mad skills in knowing all the things about "the stuff", I would like to address your questions so that there can be no further confusion on the subject.

You can determine if it loan qualifies by looking at the property listing on hudhomestore.com, or by asking your agent. 

., from there we just need a lockbox code and negotiating skills to secure the best price, in addition to the $12,000 Realtor Rebate to borrower at closing.These are on the sales contracts and on the final CD or Closing Statement. 

So I have been asking friends if they would co-sign on this loan (to purely borrow them for their W-2 income credentials) and in return for helping me qualify, I would pay them $1000/month while I own the property.