There is nothing objectionable in this narration. This hadith narrates the relationship between a God-fearing pious Muslim and Allah. Infact, every muslim should aim to achieve this kind of relationship through his piety. However, no one has a way of knowing this, the only thing we can do is strive to achieve this relationship till our last breath. Whether a human being was successful in achieving this goal or not, will be revealed on the day of judgement. There is no concept of Wali or Walaiyat mentioned in Quran as a rank in the sight of Allah. The ranks mentioned in Quran are Anbiya, Siddeqeen, Suhahdah, Saliheen.
The criteria to achive this kind of relationship is also mentioned in Quran:
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