Editing 1course Real Estate (section)

==== Take Action Now ====
Understanding and addressing legal and financial considerations are crucial for the success of your house hacking venture. Here’s what you should do next:

# '''Research Laws:'''
#* '''Federal and State Laws:''' Familiarize yourself with landlord-tenant laws and the Fair Housing Act.
#* '''Lease Agreements:''' Draft comprehensive and legally compliant lease agreements.
# '''Manage Taxes:'''
#* '''Report Income:''' Accurately report rental income and take advantage of tax deductions.
#* '''Consult Professionals:''' Work with a tax professional to optimize your tax strategy.
# '''Protect Your Investment:'''
#* '''Insurance:''' Invest in landlord and short-term rental insurance.
#* '''Liability Protection:''' Consider forming an LLC and obtaining umbrella insurance.
#* '''Estate Planning:''' Develop a comprehensive estate plan with the help of an attorney.