@Thomas Sheehanonly you can decide what makes sense for you financially, but I would not put $200-250K into a property to generate minimal cash flow. i look to minimize my outlays when I purchase.

We've had to keep lowering the price to where we're currently listing at $4,295/mo, which is generating some interest. 

Property was more disgusting than we anticipated and we had to put extra money into deeper cleaning.

Along those same lines, I recommend shifting your mindset from generating additional income to investment diversification.

Property was more disgusting than we anticipated and we had to put extra money into deeper cleaning.

I'm piloting a new construction program that's building a generational style home 6 bedroom 4 bathroom, 2500 sq ft house in a class B/C area.

We’re planning to move to Europe to start our family, and we’re looking to generate $1,000–$2,000 USD/month in net income (after management fees and other expenses) with these RE investments.

If that equity position in any property can be reapplied towards another asset or pool of assets to generate a higher net yield, it should be reapplied. 

Signs of this are poor lease quality, maybe M2M tenants, high expenses (unnecessary things like high trash bills, internet, cleaning, security).

If your Alabama LLC conducts all operations and income generation strictly in Alabama, you may not need to register it as a foreign LLC in California.