@Marcos De la Cruz  Echoing what other have said, both pros and cons. 

Quote from @Aaron Lawrence: Looking at a JV opportunity now in LA. 

I live in LA, and have a rental here as well.

Property is 3021 E Shangri La Rd, Phoenix, AZ 85028.

I'm from La Verne.

Networking or calling local agencies for partnerships does well too as partnerships with local agencies fill vacancies there are several that need STR or MTR (Newark is full of them) everything from economic based agencies like La Casa De Don Pedro to reentry programs to NYC based organizations that bring in workers and would rather not pay for NYC accommodations. 

Você poderia indicar algumas opções que encontrou?

See theolivejar(dot)co for her website.She is an LA-based STR designer who has helped a lot of clients get to the level they need to.

Anyone ever buy out this way? Thoughts on the pros and cons……. Any contractors go out this far?

South LA is such an interesting part of the country.