Advice on buying multiple properties in the same neighborhood

[Adam Kay]

Hi Folks,

Is it concerning to buy more homes in a neighborhood if you already own one home? One of our properties is in a great area an we've been thinking of adding more homes from that same neighborhood if they become available. In this case by neighborhood I am talking about buying another property that is 3 or 4 streets away from the other. Our current property there rents well with good cash flow. I know to a degree I would be competing with myself if both are on the market at the same time, but if I stagger the lease windows it should take care of that.

Am I crazy for thinking of this or have others done this in the past?

Thanks!