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.

Don’t put all your eggs in one basket.

The phrase "don't put all your eggs in one basket" comes to mind.

I'm really excited about the potential of investing in residential multifamily properties with my dad, who's willing to contribute the initial funds.We're currently working on getting our financial house in order, paying off debt, and building a solid nest egg.

Great nest egg. 

I am 100% ok with my w2 providing me income to maintain my life and grow a nest egg for the later aspect of life  

A good mix of LTR'S is a very good idea so that all your eggs aren't in the STR basket.I like tourist destinations where STR'S are heavily ingrained and almost impossible to ban or regulate out of existence.

Tenants ended up demanding concessions or just plain skipped out of their lease and disappeared.Also, unbeknownst to us, the former owner tried poaching all of the month to month tenants to their building across the street.

This gives much better diversification protection across geographies, asset types, strategies, investment subclasses etc. versus putting all the eggs into one basket.The downside is that it's not for everyone, and a person has to be comfortable with turning over control to someone else.

Eggs in many baskets or eggs in one basket and watch that basket closely???