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Should I buy the condo downstairs?

I live in a 2 family house that is separated into 2 condos. I own the top floor and the bottom floor condo recently went up for sale. Im trying to weigh the pros and cons about becoming a landlord to an adjacent unit. Some of the pros I can think of are proximity to my investment if there are things needing to be addressed. Also, I would get to decide on who I rent it too. Are there any additional financial considerations in regards to mortgage rates or insurance that I should be aware of once I own both (all) the units in the HOA? What about cons?

If anyone has personal experience with something like this I would love to hear your thoughts.

submitted by /u/mycartel
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source https://www.reddit.com/r/RealEstate/comments/1sgtoi3/should_i_buy_the_condo_downstairs/
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