AirBNB/STR in Los Angeles/Playa Del Rey Possible?

[Chris Strandburg]

Hey everyone. I've followed BP for years but have become serious more recently. I've read multiple books and through some of the forums and blogs. I'm considering doing a short term rental (duplex) in the Playa Del Rey area. From what I've read in the forums, the consensus for STRs in LA seems to be "Don't do it!" 

I think I understand a few of the reasons why (and I'm sure there are many others), but I was curious if anyone is actually making it work. If so, is it sustainable for you? Are you hating your life? Since I've seen some STR listings in the LA beach areas, part of me thinks it might be possible. But I don't know how much pain those hosts are going through. I'd appreciate any tips or insights from anyone--thank you!