.- Now Foreclosures may be a good discount but at the same time I already know that there is aLOT more risk to this.I already have a real estate agent, a mortgage broker, and am getting connections to contractors and so forth.My few Questions are:- Do I need a real estate agent in this process for foreclosures?

Once you know who in your circle has $ to invest, you then need to understand their risk to reward level so you know what deals fit their bucket.

Furthermore, this is a minor issue that shouldn't require your involvement at all. 

Let the guys who risk their money help you focus on good areas.4.

It minimized vacancy risks and kept things amicable.Address Tenant Concerns CalmlyI’ve found that tenants often feel more cooperative when they understand the landlord’s perspective.

Consider the risks vs the small reward...

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Diversifying geographically can also reduce risk and increase long-term returns.For example, there are several markets across the U.S. that are ideal for new investors because they offer affordable entry points, reliable cash flow, and strong economic fundamentals.

As long as you're doing that, there's always a risk, and 50 years from now it will probably be illegal everywhere to operate STRs in residential zoning, just like it's illegal to operate a steel mill there. 

House hacking is a fantastic way to start building wealth while minimizing risk.