Hi Shahriar,Thank you for the response.

What strategy is this...a slow flip that you are living in, a traditional rehab and sell, your primary residence you intend to inhabit forever?

From a cash flow standpoint, if the numbers don’t work on a 30 be aware that you will be assuming the responsibility of paying the difference every month for the life of the loan.

Here are three examples:I used a mortgage firm with very low fees, but when I tried to cashout refi quickly for upcoming auctions, they were terribly slow and I missed three auctions - so it cost me a fortune in lost deals.

I look forward to everyone's responses. . 

My question is, are the renters responsible?

Well, if you use the standard California Assoc of Realtors Lease Agreement, you can take comfort in calling because you're not going to have to pay for it since the tenant caused the clog and he's responsible for paying for it. 

Thanks for your response Greg.

My question to the community is this : From this position, what should we have said in response to her question?

Thanks Cody for your response .