Condo rental pools (Condotels)

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I was curious if anyone has purchased any condos that are held in a "condo pool". My understanding is you buy the condo, its yours, and you can elect to keep the condo in the rental pool for the property. So the property will essentially manage renting it out, cleaning, etc. I'm sure it's a hefty fee, but seems painless for someone like me who is out of town. Does anyone have experience with this? Do they leave enough meat on the bone to make it worthwhile?