Galveston STRs kept in a rental pool

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Hey all - I was curious if anyone has purchased any condos in Galveston and kept them in the facilities rental pool. Places like Casa del Mar and The Victorian have some setup where you can purchase the condo, then they will 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?