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. ;-)

I do not know sponsors that take a 20% promote.

I'm not a direct provider, but I'm a promoter/marketer for the TK companies I have worked with myself.

I won’t “self-promote” here (BP admins), but my company does manage STR professionally, and we are sponsoring the event.

For instance, I would not have gone/finished grad school or had the mental room to be geographically mobile, among other things.Long story short, investing just to invest does not always put you in a better position. 

Has anyone here tried the clever investor program being promoted by Cody Sperber?

Most home owners are against it because of blight and red tapehttp://www.tenantstogether.org/resources/housing-long-beach tenant union group with big money from unions promoting rent controlhttps://ocweekly.com/rent-control-wont-be-on-the-november-ballot-in-santa-ana-but-activists-press-on/OC Santa Anahttp://freakonomics.com/podcast/rent-control/

It's close to Southampton and you can self manage to save some money and learn the basics, because later on if you decide to hire a PM you will know what to except of them, you will know rules a regulations and renter's mentality.

Sounds like you already are somewhat of a flipper with the mentality you have of buying distressed homes and improving them.