Locals can work those areas just fine and run it like a bizz.. sitting at home in LA with that asset class will drive you nuts.

And yes just answer the darn phone.. drives me nuts..

Deed restrictions can be made, some that limit an owner's rights as to quiet enjoyment, fruits of the land, rights of use or restrictions that violate public policy are generally not upheld, not enforceable.Depriving an owner of the right to earn money from a property serves no public purpose.If a restriction meets a reasonable public policy, such restrictions can be made such as a senior living complex.

There is NO OTHER investment that allows you to actually enjoy it's fruits (other than jet charters and yacht charters) and it pays for you to do so.

I suspect that city governments know that Airbnb is only a small reason we are experiencing skyrocketing rents but it is low hanging fruit.

Unless you can get commitments and deposits from people, you need a lot of tenants to cover the nut of overhead. if you lease, you make a narrower spread, but much less risk.

Without getting into the nuts an bolts, both of these strategies allow you to get your initial investment back AND STILL stay in the deal to have an infinite return!

Their life is a monument to the shameful side of our planet, a revolting daily living suckle upon the fruits of their surroundings.They are like bleating, curdled staggering mutant dwarfs smearing your rental home's interior with the effluvia and offal accompanying their illegitimate birth into this world, responding to any rational inquiries for the responsible fulfillment of the most basic of agreements as would an insensate, blinking calf, meaningful to nobody, the puke-drooling, giggling beasts who sired them having long fled with screaming abandon in recognition of what they have done.I may never get over the embarrassment of belonging to the same species as some of the individuals I have encountered in my foray into Baltimore real estate investment.

That would obviously take years and wouldn't be fruitful. 

Keep in mind, if the actions you take aren't immediately fruitful you can still find a way to benefit from them.