Do NOT waste your money on the license kits. If you got to the ATF website, they have the info you need.
YES, you can get an 01 Dealer's FFL with the licensed premises as your home- or a portion of your home- IF you actually intend to "engage in the business". You cannot get an 01 FFL for "hobby" purposes.
You will, as you know, need to jump thru all the hoops to legally operate a business BEFORE they will issue your license. Zoning, business license, sales tax number, etc etc. Your hours of operation can be when you want- but they go on the app.
ALSO- bear in mind you are dealing with TAX people. Keep good records, since income from your 01 will need to be declared on your tax return.
But yes, is do-able, One of the smiths that I deal with operates from his home, and sells a few guns at local shows. And has been doing that for some years.
Now, you did not ask this, and if you already know, please forgive my tendency to lecture. If you are gonna do this for a business- INCORPORATE. Cheap to do. But if you are doing business as an ordinary person- sell me a gun that is defective and hurts me- and when I sue you, I will be going after your house, your car, and your college savings acct for your kid. But if it was sold by a corporation, I can only go after the assets of the corporation.