If you're looking for an FFL for personal use only, get an 03 C&R. But the Type 01 is only for dealing and gunsmithing for profit.
Now, that's not to say that if you had a home-based transfer business, you couldn't use it to buy your own guns - heck, if you're a sole proprietor, you don't even need to run the NICS - but if you're not using it for business purposes, it'll be revoked. Plenty of people list themselves on gunbroker or similar sites for cheap transfers, and there's certainly a market for those services (especially if nobody else is already doing it in your area).
And even with the expenses of keeping up a local business tax license, state or local government security/insurance mandates, sales tax accounts, quarterly estimated income taxes (federal and state), self employment tax, and of course the FFL fees, you can still make some money in it - just not enough for most people to want to put up with ATF compliance inspections.