If you plan to live in it, South Redlands is the better choice, but also 30-40% more expensive than north Redlands.

The main problem I noticed was how much was reported as gross, which seems much lower than what I anticipated.

You acquire more capital in your position by (1) decreasing expenses, (if possible) and/or (2) increasing income.  

Yes, if the price was wrong or the rewiring of the house was needlessly complicated and expensive.

I was barely covering expenses and many months lost $100-$200.

I have a lot of interest in the boutique hotel space and have found an on-market property near me with huge potential and lower entry cost than any other deal in the area.

CLT renting prices are expensive, why not pay a little more monthly owning property that will appreciate in value

All told, your expenses are $1,333 per month and your rent income is $1,500 a month for a total earnings of $167 per month.If you divide your annual earnings by the amount of money invested, you'll see it's a 4% return.

Just moved to Austin TX - Florida was getting expensive on residential side (tax reassessments, insurance hikes and mandatory flood insurance coming soon).

On the other hand, if you have a lower budget, let’s say $100-$150k.