My current goal is to earn passive income from investment properties.

So I was talking to my local Real Estate Agent and I was telling her that I was interested in looking at Foreclosures/REO property’s I was recently approved for a 203k/Conventional HFAloan. and she said Because so many people’s ability to earn income was impacted by the stay at home order, the gov’t forbade lenders to foreclosure on anyone.

You want to save the commission, so does the FSBO buyer. 

Also, a realtor that is looking for a smaller commission because the purchase price points for "investment properties regardless of your exit strategy are lower that a "traditional" real estate transaction.

I'll be buying it cash so any rent will be earned income aside from the $70 or so taxes monthly.if it is already inspected and section 8 approved all the better, just have to find out when the last walk through/ inspection was.How are the rental rates for 2-3 bd 1 bth in those areas?

An experienced GP has earned the right to take a bigger cut, or better said, the market allows it because investors are more confident in them.New GP may have a lower minimum investment, which is appealing to a first-time investor who can get their feet wet at a lower entry point.

Trust is earned.

Try to understand what tools they can provide you (marketing, software, legal, lead generation) What the commission split is and how it changes based on time there or performance. 

We should instead work together to build a solution that ensures the moral support needed to get to a better place in life.I think the way the whole organization is structured will also provide another sense of accountability towards each other.Create a “Flip to Own” plan that lets future tenants be more involved with the initial renovation between occupants.Create a transparent “Monthly Operation Payment” that includes:An investment buy in (market value amortized over 30 years @ current market rate + .3%).Taxes & insurance (will also need renters insurance).Utilities (goal is to have a history of avgs, but will be paid as billed).Any cost associated with labor support for “Property Stewardship Guide” (basic cleaning and lawn care).Repairs and Maintenance budget (.1% market value, any expense related to maintaining current market value/ rent ready condition).Capital Expenditures- Major repair budget (.1% market value, any expense related to increasing market value and capital expenditures).Good neighbor assistance dues (.1% market value, covers accounting costs and assistance access).Create an app that makes monthly property management an easy habit.Pull information from Property Stewardship GuideIt keeps track of all the costs that determine the monthly payment, including utilities.It has a checklist of that months maintenance tasks, based on the standards of the GNA, that ensures the most effective life of the property.Have a portal to submit rent payments, using paypal or similar services.Build in an option to apply employee wages from the GNA as rent payments.Have a profile page with all the important dates and documents.Leverage these managing residents to build a coalition of labor support for the rest of the properties under the GNA umbrella.If they are all employees of the GNA non profit, then we can distribute benefits including healthcare, retirement savings, etc.Create a rolling pay scale:Offer work in exchange for equity ownership in other projects.When the current managing resident is ready to move, they can either cash out remaining repair budgets and equity, or leave their equity in and share the profits with GNA equal to their equity share.The managing resident will partner in the process of getting the house back to full market standards.Use the stockpiled repair budgets to fix their respective categories.Use built up equity if repair budgets don’t cover that cost.The remaining repair budgets will be applied as a direct principal payment.If the managing resident wants to cash out, then the GNA will buy back the property at the current market price.Both parties will pay their traditional closing costs if applicable.If the managing resident wants to remain an equity partner, then the title is changed to reflect that business relationship, and the managing resident receives monthly payments equal to their share of rental profits or interest payments of the next resident.Previous managing residents must create and manage their own LLC.If the previous resident has more than 50% ownership in the property, then they are in charge of managing the property.The monthly payment for the previous residents equity will be equal to their percentage of ownership times either the interest earned from the next resident’s purchase, or from the profits if it is run as a traditional rental.

Yes, there are several creative ways you could acquire the property, but I'm not sure listing them here would ensure you earn a decent return on this particular investment.Way more information is needed.You mentioned house-hacking, so I assume your plan would be to live in one of the units and rent out the other.