Investments in Single-Family Residential Properties (Tables)

6 Months Ended

Jun. 30, 2018

Real Estate [Abstract]

Schedule of property carrying amount

The following table sets forth the net carrying amount associated with our properties by component:

	June 30, 2018			December 31, 2017
Land	$	4,635,181		$	4,646,917
Single-family residential property	13,151,873			13,084,156
Capital improvements	536,264			536,297
Equipment	120,114			120,528
Total gross investments in the properties	18,443,432			18,387,898
Less: accumulated depreciation	(1,321,346		)	(1,075,634		)
Investments in single-family residential properties, net	$	17,122,086		$	17,312,264