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Yes it's possible but 99% not possible in the first season without the use of FMRTE or another tool used to boost your squad / finances etc.

You can do it , you just need to have a lot of patience because it will take a while.
 
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Probably if you use corner glitch or some other exploitation of the ME.
 
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First avoid relegation. Then stabilize the finances, work the club upwards in consistency on the table in coming seasons, aim to be a mid-table side in 6 years, and remain firm there, balance your checkbook, gain momentum as a top-5 side and then challenge for the title.
 
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