Baby parakeets? Anything special i need to do or know?

So i have two parakeets - male and female of course.
The female has laid eggs many times in the past, but they never have hatched. Much to my suprise this morning i get up and she has in her nest 4 eggs and the 5th one which has hatched. A tiny featherless baby parakeet. She is sitting on the eggs and the baby, seems to be keeping a close eye on them. Will the remaining eggs hatch? If so how many babies can the mom and dad take care of at once? We have the potential for 5 babies here - as there were 5 eggs.
Is there anything special i need to know or do for the mom and babies? From what ive seen on several websites they say the mom and dad will take care of the babies on their own.
Answers:
You should have thought of this before providing a box for the parents. This is why they are filling up the rescues left and right. Do you also know you must band the babies? It's a law that they must be banded!
This is what is happening to many of the birds. Back yard breeders are destroying what is left of the genetics. Not just putting on a box and wha laaa babies are there. It's about the quality of what you breed!!

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All you need to do is provide the parents with lots of nutritious food and clean water. The parents will regurgitate food into the babies mouths. Your parakeets will probably have little trouble rearing five chicks and mom and dad often both feed the kids. They will soon be getting noisy cheeping and chirping and this means you have healthy chicks. By about 4 or 5 weeks they will be ready to exit the nest and try out their wings. If you want you can provide extra food for the parent like boiled mash egg one is plenty. Or pasta or brown rice soft food like these are nutritious and easily digested so the parent can feed babies. Need more help email me at elaineconey7717@rock.com

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Congratulations and yes, their instincts and parenting skills will usuall kick right in and you won't need to do anything but be sure there is LOTS of good food available for them to feed to the chicks. If one egg was fertile, chances are the rest of them are too and you can expect the other eggs to hatch about every other day (same as how she laid them) with the last two possibly hatching on the same day.
You should "beef up" their diet and the food you are offering. To see some of the foods I serve my breeding birds, you can click on my pic/profile and down below on the left you will see lots of answers I have given to others who have asked about breeding birds and raising babies.
The cooked rice/mixed veggie recipe is usually well-accepted (even if they have not previously been served human food); and chopped hard boiled eggs are enjoyed as well. In addition, you can check with your local pet store for "nestling" food (which is different than hand-feeding food). When the chicks get close to weaning age (about 5-6 weeks), you should try putting food cups on the floor of the cage to assist the parents in teaching the chicks to eat - and, spray millet or "Cheerios" are great choices for weaning food.
These parent-reared chicks will probably begin trying to pop out of the nest at about 4 weeks of age (fledglings) and that should be okay. Once they first come out of the nest they will most likely not be able to get back up into it but by that time they will have feathers for warmth and daddy will probably keep an eye on them at that time. You need to keep a close eye though to be sure the parents don't get too rough on possibly trying to chase the chick back up into the nest. Once or twice I've had a daddy or mommy bird who just doesn't know what to do with these fledlings and they have killed the babies but it is not really common - just a "heads-up" for you.
You are going to so enjoy the next few weeks watching them grow and seeing the whole process. You may end up deciding you would like to try hand-feeding FUTURE chicks but will need some in-person, hands-on tutoring to learn the proper way to do that.
Now all you need to do is start finding homes for your babies. Check with friends, put an ad in the paper, or even your local pet stores to see if they might purchase the chicks from you. Pet stores will generally pay about half (maybe a little less than half) of what they charge the public. If they sell their parakeets for $19.99, you can expect that they may be willing to pay you $5-$7 per bird. You should have more luck with the smaller, privately owned pet stores than the LARGE franchise type stores which I would not bother with anyway, for anything, food, pets or supplies.
Any other questions, feel free to email me. You'll be able to do that when you click on my picture/profile. Good luck!