What are things to consider in house hacking.

[Kal Wol]

Hello awesome BPs.

I in the process of planning to rent the rooms of the townhouse, 3BR 2.5Bath with basement. This is in montgomery MD. I wanted to know if there are any legal things I need to know regarding how many people can be rented out in the house? The basement is a walkout and based on what I gathered if it has an external exit, this one doesn't have a window just door, it shall be treated as bedroom provided I provide a closet. I am also thinking to rent the basement.

Also, anything to be aware of regarding the common area sharing, in this case laundry and kitchen? I am just asking to see for anything that I should be looking for from the legal, insurance and some other angle that I should be aware before i jump into it with the assumption someone has already gone with this and have some insight. 

As always, thanks in advance.

[Andrew Postell]

@Kal Wol this is such a specific question to your market we should really be asking other investors in your market these questions.  Try some local real estate meetup groups. I would really suggest in networking with them anyway but let's get connected with some right away to ask these questions.  Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too. Even facebook might have some good local groups for you. But post locally for this. That’s the best bet.