If so maybe I can get the sellers to sell on a lease option to the lady that called me and I can get paid a consultant fee as in ( option consideration money) and make it a win, win for everybody.What do you think?

Consideration is basically where I don't get something for nothing.

Uwe said it best...dj, are you also taking into consideration....other factors.Such as water, sewer, trash, HOA, gas, heat, electric...Often times owners of multi family properties pay 1,2 or up to all of these cost, which should be subtracted from the gross income.

That would apply more in some areas than other, but it's a consideration.

There are some other considerations though. ie age and condition of the property etc..

My concern is that I submitted my offer stating that I will use an FHA 203k loan and that I am a first time home buyer.Does Freddie Mac put an consideration into accepting cash offers from obvious investors or are they encouraged by the Feds to increase home ownership to current renters?

So we'll crunch some numbers anyway and see if it makes sense to put in an offer on this house and take into consideration that we may have to wait awhile before we could get a renter in.

In doing so, considerations may be various risks, capital required to acquire the investment, liquidity and cash flow.

Becareful of tax considerations

There was a time when I bought with absolutely no consideration of the 50% rule.