You have to decide if it's worth putting your house at risk to save $200 to $400 per month.

I also wanted to benefit from tax saving before the years end with a new property purchase.

Effectively good egg is simply a P.O. box that takes a Commission out of your hard earned/saved money, in return, for purportedly providing due diligence to vet the potential projects and sponsors, on your behalf.

There are a lot of options out there.Some of the most useful items BiggerPockets members have identified are features that save time so they can spend time working on their next property.

Regarding getting started, I recommend finding an STR owner who's overwhelmed or just worn out with managing their property, and perhaps who's also not using a dynamic pricing tool, and then offering to manage it for a very small cost. 

Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.

He has been saving his money for years and has plenty of money saved but no experience with real estate investing.

So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save? 

As someone looking to start their investment career in Philly, this was super helpful. 

For me, weekly check-ins and just being real with my team—like saying, “Hey, I’m not sure, let me check on that”—have saved so many situations.