Renting a house across the street from my residence?

[Jim Stardust]

House across the street from my personal residence is on sale and I can get a heck of a deal on it, I'm thinking about buying it and either sitting on it for a while until the market improves a bit around here or possibly rent it to a company that brings a lot of executives to our town, mostly on a temporary 12-24 months basis. I wouldn't have hesitated a bit if it wasn't literally across the street, I can think of few advantages but I'm not so sure it's such a great idea after talking to few people about it...I'd like the perspectives of BP member and see if anyone been in a similar situation?