FHA Loan in College?
So I'm currently a senior in high school and I'm making vague plans to invest in real estate once I get into college. I originally had the plan to live in the dorms my freshman year and then house hack for the remaining three years of college using an FHA loan. However after doing more research, it looks like you need to have 2 years of steady employment. In addition, I would need about a 40 percent DTI. My questions are as follows:
1) What counts as steady employment? For example, would me being an uber driver count or something similar?
2) What are the odds I can still get the loan if I only have 1 year of employment? Since I want to house hack starting my sophomore year, I would only have 1 year of steady employment
3) Does my student debt go into my DTI once I get into college? I'm most likely going to an in-state school where I should be able to get good scholarship money, but I'm worried this debt will still be too high.
Thanks for your time, and any additional suggestions would be very helpful!