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Investments in Single-Family Residential Properties (Tables) | 3 Months Ended
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Mar. 31, 2020
Real Estate [Abstract] |
Schedule of property carrying amount | The following table sets forth the net carrying amount associated with our properties by component:
|  | March 31, 2020 |  | December 31, 2019
Land |  | $ | 4,498,591 |  |  | $ | 4,499,346 |
Single-family residential property |  | 13,218,445 |  |  | 13,121,179 |
Capital improvements |  | 512,520 |  |  | 513,269 |
Equipment |  | 113,334 |  |  | 113,370 |
Total gross investments in the properties |  | 18,342,890 |  |  | 18,247,164 |
Less: accumulated depreciation |  | (2,126,400 | ) |  | (2,003,972 | )
Investments in single-family residential properties, net |  | $ | 16,216,490 |  |  | $ | 16,243,192 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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