How often do shared fence land come up for sell

[Joe Trainor]

My wife and I started purchasing rentals a few years ago with a goal to purchase a farm/land/hunting camp in 5-10 years. After two years and 2 rentals we found a house and 35 acres next to some out of town family members the day it hit the market. We got it under contract same day, made the trip and discovered they owned the house and 5 acres across the street. Got a local lender who created one loan for both properties and checked our 10 year box early.

Few years later we are in a position to buy more rentals and are actively looking.

As fate has it, our neighbor approaches us wanting to sell his 40 acres that boarders a few of our fence lines at the camp. He wants us to make the first offer though but he is serious as he is ready to retire and wants to sell the land while keeping his home.

Assuming you could only afford the note on the property or invest in another rental, would you jump on this opportunity to add an to an existing farm as it may never come up for sale again or would you save your funds to invest in another rental that would create revenue.