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Subsequent Events (Details)					1 Months Ended	3 Months Ended
	May 31, 2017 $ / shares	May 09, 2017 USD ($)	May 04, 2017 $ / shares	Apr. 28, 2017 USD ($) property loan	May 05, 2017 USD ($) property	Mar. 31, 2017 USD ($) property	Mar. 31, 2016 USD ($)	Dec. 31, 2016 USD ($) property
Subsequent Event [Line Items]
Real estate held-for-sale						$ 37,142,000		$ 45,062,000
Proceeds from sale of residential properties						$ 73,652,000	$ 72,701,000
Number of real estate properties classified as held-for-sale | property						358		391
Subsequent Event
Subsequent Event [Line Items]
Repayments of long-term debt					$ 2,865,000
Common stock, dividends, per share, declared (in dollars per share) | $ / shares			$ 0.06
FNMA Loan | Subsequent Event
Subsequent Event [Line Items]
Debt instrument, term				10 years
Debt instrument, number of loans | loan				2
Debt instrument, face amount				$ 1,000,000,000
Number of real estate properties collateralized | property				7,204
Debt instrument, interest rate, stated percentage				4.23%
IH1 2014-1 | Subsequent Event
Subsequent Event [Line Items]
Repayments of long-term debt				$ 420,000,000
IH1 2014-3 | Subsequent Event
Subsequent Event [Line Items]
Repayments of long-term debt		$ 510,000,000
Scenario, Forecast
Subsequent Event [Line Items]
Common stock, dividends per share (in dollars per share) | $ / shares	$ 0.06
Residential Property Dispositions, Not Discontinued Operations
Subsequent Event [Line Items]
Real estate held-for-sale						$ 12,691,000
Number of real estate properties classified as held-for-sale | property						83
Number of real estate properties held for investment | property						14
Residential Property Dispositions, Not Discontinued Operations | Subsequent Event
Subsequent Event [Line Items]
Number of real estate properties sold | property					97
Proceeds from sale of residential properties					$ 15,833,000

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