Buying the house next door

[Joe Martino]

I am thinking about buying the house next door.  The lady who lived there passed away a few days ago. We used to take her dinners and help keep an eye on her, so we have built a small relationship with her family over the last few years.  The house is really dated and needs some fixing up.  We were told that they would like to get the house taken care of fast, so we expressed interest. 

My question:

Is there a reason that we should not buy-fix-rent a house that is right next door?  I know there could be some issues with being that available to the tenant, but it cannot be any worse than house hacking. What do you think?