$6k tax.Ins,hoa, not to mention utilities . took out a HELOC off of our personal home ( res.worth $900k, and a 260sq ft studio, mtr. $1450 mo.) for$ 220,000 for the deposit.

I think it's just for text, not to talk with a live person.

I used $80k to pay off personal debts and $50k to remodel it by myself with my two hands.

@Matt Solis would be the perfect person to speak to about this!

Cosmo - I personally don't know Phoenix well, but if I had to do this in another city I would look at income levels, crime levels, and population growth (if you can) by zip code and/or area within a DMA as a starting point.

None of this has anything to do with your personal tax return.

Was that person me or another person as that sounds like something I have been telling people? 

I would restate that the lease will remain in place until such time that a new tenant is selected and moves into the property.This approach will ensure your cash flow while acknowledging that 'stuff happens.' 

Personally, if I were to sell the stock, I would buy more property, not pay off the existing one. 

I mean I got financially wiped out personally..