Benefits of Buying Adjacent Property

[Kyler J Sloan]

Just curious what you all think of buying property adjacent to other property you own vs. elsewhere. 

For example, if you own a property on the top of a mountain, and your neighbor just below you sells, you could connect their properties using trails, build a gym structure shared by each, offer joint bookings so they have the entire mountainside to themselves, etc. Also, the amenities of each building could be added to complement one another, so that no one property has the same games or amenities  (excluding a hot tub of course, which both should have).  

Imagine having 6 STR's, all located right next door to one another. It would be far easier to manage rather than having to build many different networks with different cleaners, etc.

Just brainstorming, and curious if anyone else has done this. 

[Ryan Sappington]

Quote from @Henry T.:

Convenient, but not a good idea.  For LTR, I don't want tenants knowing I have other properties. Or worse, tenants gossiping about their landlord in common.

But if I had 20,000 properties next to each other that would be different. Concerts in the park. Tell them who to vote for. Free swimming pool. Free beer. This is now an over 55 community. etc.

Only major problem you've missed in assessment is this is "Short-Term & Vacation Rental Discussions" section