Unless stabilized property is bought at a really high cap rate going in where compression can happen over the years the sponsor is basically a glorified PM taking small fees and has almost no upside as a promote on the back end.

It's a self reflect question; do you have the mentality to PM this and all the hard decisions that come with it or do you want to pay someone to do it.

I'd go into it with the mentality of you are going to get back 50% of the homes you RTO even with good screening practices, it's not always that high, but at least you won't be disappointed by anything lower.

However, this may not be a possibility, so I'll need to move past this mental hurdle.

That would just kill me, but countless (majority) do it with no consideration to the time, money and mental peace lost in the process. 

(I don’t know why I see potential liars everywhere - it’s either mental or much experience I’ve actually had with the issue.

Not having a long commute allows you to save a lot of time and mental energy that you can then put into a side gig or getting up to date with real estate knowledge.With that in mind, I think house hacking by renting out a room in a single family house or condo type of situation should work well.

Figure I need to live here for my job and I enjoy doing the work on the house so no harm done.So that is my current status, its a bit hap hazard and just a more go with the flow of life mentality for obtaining and managing my properties but 3 at 30 is not bad in my opinion and most importantly I am making money. 

I have seen anywhere typically from 25 to 50% on the back end for promote.

I would be happy to make a suggestion, but such a post would be considered "self-promotion" and therefore a BP TOS violation. ;-)