Furthermore, considering this is a condo would suggest that there are HOA fees which should eat into the rent more.

I notice there are quite a few people in L.A renting out pretty big fleets of vehicles so I'm guessing they must be making good money or they wouldn't scale up like that .I looked at the LAX turo lot prices but it seems like the fees would eat up a lot of the profit.There was a reddit thread I saw where this guy said he was a former Uber driver and now he's renting out a fleet of sports cars ( like BMW M4 , Porsche 911 etc) on Turo .

That would eat into your profits far more than a hazard insurance policy will.Plus....it's tax deductible!! 

It would be great to see Networth eat their own dog food and show us how it's done.  

Over the years that investors have been eating up cash flow there, it's mostly been SFRs I-20 (both directions) and south.

It also allows me to increase my net worth by virtue of having benefits like 401K and not to mention paid vacation and health insurance.I will admit, that I don't have a wife or kids, or even a gf to eat up my time, and the only vice I have is my love for baseball. 

I want all the benefits of owning property (including being able to use the cash flow NOW) but want to tap into the potential goldmine sitting in my 401k...without incurring the taxes and fees.So I want to have my cake and eat it too :)How can I make this happen?

I love these type projects but I follow the " why eat lamb today when you can sell wool for years" idea and keep them for rentals.Again, GREAT JOB

I would see him always going out to eat though.

If you are financing this, the loan will eat up most of that NOI and maybe all of it.