Related Party Transactions	12 Months Ended
Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions As of December 31, 2016 and 2015, former AH LLC members owned approximately 2.8% and 3.3%, respectively, of our outstanding Class A common shares. On a fully-diluted basis, former AH LLC members held (including consideration of 635,075 Class B common shares as of December 31, 2016 and 2015, 54,276,644 and 14,440,670 Class A units as of December 31, 2016 and 2015, respectively, zero and all 31,085,974 Series C convertible units as of December 31, 2016 and 2015, respectively, zero and all 4,375,000 Series D convertible units as of December 31, 2016 and 2015, respectively, and zero and all 4,375,000 Series E convertible units as of December 31, 2016 and 2015, respectively) an approximate 18.4% and 22.1% interest at December 31, 2016 and 2015, respectively. As of December 31, 2016, the Company had a net receivable of $5.2 million due from affiliates primarily related to expense reimbursements due from a joint venture, which was included in escrow deposits, prepaid expenses and other assets within the consolidated balance sheets. As of December 31, 2015, the Company had a net payable of $4.1 million payable to affiliates related to declared and unpaid distributions on the Series C units, partially offset by expense reimbursements from affiliates, which was included in amounts payable to affiliates within the consolidated balance sheets. In June 2014, the Company and the Alaska Permanent Fund Corporation ("APFC") formed a joint venture (the "Alaska Joint Venture II"). As of December 31, 2016 and 2015, we had contributed $40.0 million to the Alaska Joint Venture II and APFC had contributed $160.0 million. During the year ended December 31, 2016, the Alaska Joint Venture II paid distributions totaling $28.8 million and $7.2 million to APFC and us, respectively. The Alaska Joint Venture II did not pay any distributions during the years ended December 31, 2015 and 2014. In evaluating the Company's interest in the Alaska Joint Venture II, we concluded that the entity is not a variable interest entity after applying the variable interest model and, therefore, we account for our interest in the Alaska Joint Venture II as an investment in an unconsolidated subsidiary after applying the voting interest model using the equity method of accounting and in connection with our adoption of the new consolidation guidance. As of December 31, 2016 and 2015, the balance of the Company's investment in the Alaska Joint Venture II was $32.5 million and $39.7 million, respectively, which is included in escrow deposits, prepaid expenses and other assets within the consolidated balance sheets. The Company has a promoted interest in the Alaska Joint Venture II in addition to owning 20% of its equity. Agreement on Investment Opportunities In November 2012, the Company entered into an Agreement on Investment Opportunities with AH LLC under which we paid an acquisition and renovation fee equal to 5% of all costs and expenses we incurred in connection with the initial acquisition, repair and renovation of single-family properties (net of any broker fees received by the Property Manager) for its services in identifying, evaluating, acquiring and overseeing the renovation of the properties we purchase. On June 10, 2013, we entered into an Amended and Restated Agreement on Investment Opportunities. Under the terms of the Amended and Restated Agreement on Investment Opportunities, on December 10, 2014, AH LLC ceased providing acquisition and renovation services for us, we stopped paying AH LLC an acquisition and renovation fee, we hired all of AH LLC's acquisition and renovation personnel necessary for our operations and AH LLC ceased paying the Company a monthly fee of $0.1 million for the maintenance and use of certain intellectual property transferred to us once we completed the internalization of management in June 2013. During the year ended December 31, 2014, we incurred $86.0 million in aggregate acquisition and renovation fees to AH LLC prior to the termination of the Amended and Restated Agreement on Investment Opportunities, of which $67.5 million was capitalized related to asset acquisitions and included in the cost of single-family properties and $22.1 million was expensed related to property acquisitions with in-place leases and to the acquisition of Beazer Pre-Owned Rental Homes, Inc. ("Beazer Rental Homes"). AH LLC was liquidated during August 2016 with its ownership interests in the operating partnership distributed to its members. Employee Administration Agreement On June 10, 2013, we entered into an employee administration agreement with Malibu Management, Inc. ("MMI"), an affiliate of AH LLC, to obtain the exclusive services of personnel of the Advisor and the Property Manager, who were previously employees of MMI under the direction of AH LLC. Under the terms of the agreement, we obtained the exclusive service of the employees dedicated to us for all management and other personnel dedicated to our business and were able to direct MMI to implement employment decisions with respect to the employees dedicated to us. We were required to reimburse MMI for all compensation and benefits and costs associated with the employees dedicated to us. We did not pay any fee or any other form of compensation to MMI. The agreement with MMI terminated on December 31, 2014. Effective January 1, 2015, all employees previously employed by MMI and performing services on our behalf became our employees. Compensation and benefit costs paid by MMI and passed through to us under the agreement during the year ended December 31, 2014, totaled $41.9 million.

Related Party Transactions

As of December 31, 2016 and 2015, former AH LLC members owned approximately 2.8% and 3.3%, respectively, of our outstanding Class A common shares. On a fully-diluted basis, former AH LLC members held (including consideration of 635,075 Class B common shares as of December 31, 2016 and 2015, 54,276,644 and 14,440,670 Class A units as of December 31, 2016 and 2015, respectively, zero and all 31,085,974 Series C convertible units as of December 31, 2016 and 2015, respectively, zero and all 4,375,000 Series D convertible units as of December 31, 2016 and 2015, respectively, and zero and all 4,375,000 Series E convertible units as of December 31, 2016 and 2015, respectively) an approximate 18.4% and 22.1% interest at December 31, 2016 and 2015, respectively.

As of December 31, 2016, the Company had a net receivable of $5.2 million due from affiliates primarily related to expense reimbursements due from a joint venture, which was included in escrow deposits, prepaid expenses and other assets within the consolidated balance sheets. As of December 31, 2015, the Company had a net payable of $4.1 million payable to affiliates related to declared and unpaid distributions on the Series C units, partially offset by expense reimbursements from affiliates, which was included in amounts payable to affiliates within the consolidated balance sheets.

In June 2014, the Company and the Alaska Permanent Fund Corporation ("APFC") formed a joint venture (the "Alaska Joint Venture II"). As of December 31, 2016 and 2015, we had contributed $40.0 million to the Alaska Joint Venture II and APFC had contributed $160.0 million. During the year ended December 31, 2016, the Alaska Joint Venture II paid distributions totaling $28.8 million and $7.2 million to APFC and us, respectively. The Alaska Joint Venture II did not pay any distributions during the years ended December 31, 2015 and 2014. In evaluating the Company's interest in the Alaska Joint Venture II, we concluded that the entity is not a variable interest entity after applying the variable interest model and, therefore, we account for our interest in the Alaska Joint Venture II as an investment in an unconsolidated subsidiary after applying the voting interest model using the equity method of accounting and in connection with our adoption of the new consolidation guidance. As of December 31, 2016 and 2015, the balance of the Company's investment in the Alaska Joint Venture II was $32.5 million and $39.7 million, respectively, which is included in escrow deposits, prepaid expenses and other assets within the consolidated balance sheets. The Company has a promoted interest in the Alaska Joint Venture II in addition to owning 20% of its equity.

Agreement on Investment Opportunities

In November 2012, the Company entered into an Agreement on Investment Opportunities with AH LLC under which we paid an acquisition and renovation fee equal to 5% of all costs and expenses we incurred in connection with the initial acquisition, repair and renovation of single-family properties (net of any broker fees received by the Property Manager) for its services in identifying, evaluating, acquiring and overseeing the renovation of the properties we purchase. On June 10, 2013, we entered into an Amended and Restated Agreement on Investment Opportunities. Under the terms of the Amended and Restated Agreement on Investment Opportunities, on December 10, 2014, AH LLC ceased providing acquisition and renovation services for us, we stopped paying AH LLC an acquisition and renovation fee, we hired all of AH LLC's acquisition and renovation personnel necessary for our operations and AH LLC ceased paying the Company a monthly fee of $0.1 million for the maintenance and use of certain intellectual property transferred to us once we completed the internalization of management in June 2013. During the year ended December 31, 2014, we incurred $86.0 million in aggregate acquisition and renovation fees to AH LLC prior to the termination of the Amended and Restated Agreement on Investment Opportunities, of which $67.5 million was capitalized related to asset acquisitions and included in the cost of single-family properties and $22.1 million was expensed related to property acquisitions with in-place leases and to the acquisition of Beazer Pre-Owned Rental Homes, Inc. ("Beazer Rental Homes"). AH LLC was liquidated during August 2016 with its ownership interests in the operating partnership distributed to its members.

Employee Administration Agreement

On June 10, 2013, we entered into an employee administration agreement with Malibu Management, Inc. ("MMI"), an affiliate of AH LLC, to obtain the exclusive services of personnel of the Advisor and the Property Manager, who were previously employees of MMI under the direction of AH LLC. Under the terms of the agreement, we obtained the exclusive service of the employees dedicated to us for all management and other personnel dedicated to our business and were able to direct MMI to implement employment decisions with respect to the employees dedicated to us. We were required to reimburse MMI for all compensation and benefits and costs associated with the employees dedicated to us. We did not pay any fee or any other form of compensation to MMI. The agreement with MMI terminated on December 31, 2014. Effective January 1, 2015, all employees previously employed by MMI and performing services on our behalf became our employees. Compensation and benefit costs paid by MMI and passed through to us under the agreement during the year ended December 31, 2014, totaled $41.9 million.