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Commitments and Contingencies
 6 Months Ended
Jun. 30, 2015
Commitments and Contingencies  
Commitments and Contingencies

 

Note 11. Commitments and Contingencies

 

In connection with the renovation of single-family properties after they are purchased, the Company enters into contracts for the necessary improvements. As of June 30, 2015, and December 31, 2014, the Company had aggregate outstanding commitments of $2.2 million and $4.1 million, respectively, in connection with these contracts.

 

As of June 30, 2015, and December 31, 2014, we had commitments to acquire 171 and 703 single-family properties, respectively, with an aggregate purchase price of $26.4 million and $110.9 million, respectively.

 

We are involved in various legal and administrative proceedings that are incidental to our business. We believe these matters will not have a materially adverse effect on our financial position.