Would you recommend buying next-door property?

[Maria G.]

Hello,

I am a small investor. I have a SFH that has done well and my tenants (whom I really like) told me that the next-door neighbors are preparing to sell. They have a sign that reads "coming soon" (not sure what that means), but I don't see it listed on zillow/redfin yet.

It sounds like a good idea to buy a property side-to-side with the current one--I already know the area, the neighborhood, I reduce the risk of bad neighbors, etc. But perhaps I am not seeing something that I should? If you have done it before, do you have any specific advice? Unfortunately, I would be paying 50% more than I did 5 years ago for the other property, but that's everywhere in the area...

Thank you!