Commitments and contingencies	9 Months Ended
Commitments and contingencies	Sep. 30, 2013
Commitments And Contingencies Disclosure [Abstract]
Commitments and contingencies	Note 12. 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 September 30, 2013 and December 31, 2012, the Company had aggregate outstanding commitments of $4,612,000 and $1,694,000, respectively, in connection with these contracts. As of September 30, 2013 and December 31, 2012, we had commitments to acquire 416 and 462 single-family properties, respectively, with an aggregate purchase price of $57,573,000 and $70,082,000, respectively. We are involved in various legal proceedings that are incidental to our business. We believe these matters will not have a materially adverse effect on our financial position

The entire disclosure for commitments and contingencies.