Thoughts on this deal

[Bret Blackburn]

I've got a property in my marketplace that has me a little torn.  It's within a few miles from my home and 2 other rentals.  The area is growing quickly.  The property is going for a little more than what meets my formula and conditions and has multiple offers.  The caveat is that it comes with an extra city lot next door that I could sell or build another rental on. Without the extra lot, I wouldnt consider buying the property. There a few if any lots left in the small town area, much less included with a home purchase.  The home also has tenants if I choose to keep them, (paying a little below market value).  The property will cost me 8-10% more than I'd normally pay. But the value of the extra lot is 2x that.