Should I sell my current rental property and go out of state?

[Brandon S.]

In a nutshell... 

I purchased a rental property recently and I'm losing money everything month. Not an obscene amount but I would say close to ~$100 a month just due to the market I am currently in (Orange County). This was my first venture into real estate which is why I wanted it to be local.

What would you do in my situation? Would you cut your losses and start looking elsewhere? 

Also, any tips on how investing out of state? 

Thanks!