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Investments in Single-Family Residential Properties (Tables) | 3 Months Ended
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Mar. 31, 2024
Real Estate [Abstract] |
Schedule of Net Carrying Amount of Properties | The following table sets forth the net carrying amount associated with our properties by component:
|  | March 31, 2024 |  | December 31, 2023
Land |  | $ | 4,869,884 |  |  | $ | 4,881,890 |
Single-family residential property |  | 16,041,330 |  |  | 15,977,256 |
Capital improvements |  | 565,847 |  |  | 565,214 |
Equipment |  | 127,974 |  |  | 127,536 |
Total gross investments in the properties |  | 21,605,035 |  |  | 21,551,896 |
Less: accumulated depreciation |  | (4,418,164) |  |  | (4,262,682) |
Investments in single-family residential properties, net |  | $ | 17,186,871 |  |  | $ | 17,289,214 |

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
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