They are essentially utilizing the rising equity in their homes to double/triple down on the housing market.  

Double and Triple check references and remember that everyone, even dear friends and family, EVERYONE has an agenda...I was promised a LOT of things by a mentor and friend...some painful lessons...Hope that helps, Elaine

@Wayne Brooks Perhaps I triple blocked your posts (accidentally each time, I'm sure). 

If you want to buy a place with triple digit heat,  pick a growing city like Vegas,  Phoenix or Dallas.  

I am looking to expand my activities and would be interested in looking at additional single family, multifamily, triple net, and other commercial opportunities.Thanks!

The tenants portion may go up, sometimes more than triple, and that may cause them to move.

The investing is on the side so I prefer commercial with triple net leases which is much less time intensive than residential properties. 

I own a couple triples myself and purchased both with owner occupied loans.

Like-Kind Real Property The following list of real property asset classes represents interests in real property that usually qualify as like-kind property for 1031 Like-Kind Exchange purposes: Single Family Residential Property Multi-Family Property (Apartments) Commercial Office Properties Retail Shopping Properties Industrial Warehouse Properties Triple Net Lease (Net Lease or NNN) Investment PropertiesAgricultural (Farm) Properties Vacant Undeveloped Land Oil & Gas InterestsMineral RightsWater RightsAir Rights Easements in perpetuityLeases with a remaining life, including options, of 30 years or more Tenant-In-Common "TIC" Investment Property InterestsDelaware Statutory Trusts "DSTs" Investment Property Interests Vacation rental properties (income producing)

See if you can get it under contract and lease the business out with 10-20 or even 30 years leases. the tenant operator will pay all outgoings (Triple Net Lease) and take care of the building for you.