Reven Housing REIT (RVEN) 10-Q 14 Nov 13 2013 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 13, 2013
Document Information [Line Items]	'	'
Entity Registrant Name	'Reven Housing REIT, Inc.	'
Entity Central Index Key	'0001487782	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'RVEN	'
Entity Common Stock, Shares Outstanding	'	79,360,880
Amendment Flag	'false	'
Document Period End Date	30-Sep-13	'
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2013	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
ASSETS	'	'
Cash	$10,106,114	$5,763
Advance to property manager	10,465	3,375
Deferred stock issuance costs	0	50,000
Residential homes, net of accumulated depreciation of $1,400 in 2012 and $14,000 in 2013	592,838	342,010
Total Assets	10,709,417	401,148
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'
Convertible notes payable - officer, net of debt discount of $123,430 in 2012	0	128,746
Convertible notes payable, net of debt discount of $122,364 in 2012	0	127,635
Convertible notes payable - shareholders, net of debt discount of $25,539 in 2012	0	26,638
Accounts payable and accrued expenses	51,906	119,978
Accrued interest and security deposits	6,600	14,770
Related party advance	3,000	266,877
Total Liabilities	61,506	684,644
Commitments (Note 7)	'	'
Stockholders' Equity	'	'
Preferred stock, $.001 par value; 25,000,000 shares authorized; No shares issued & outstanding	0	0
Common stock, $.001 par value; 100,000,000 shares authorized; 8,350,000 shares issued & outstanding at December 31, 2012 and 67,860,880 at September 30, 2013	67,861	8,350
Additional paid-in capital	12,080,555	349,513
Accumulated deficit	-1,500,505	-641,359
Total Stockholders' (Deficit) Equity	10,647,911	-283,496
Total Liabilities and Stockholders' Equity	$10,709,417	$401,148

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Residential homes, net of accumulated depreciation (in dollars)	$14,000	$1,400
Notes payable related parties, net of discount (in dollars)	'	123,430
Notes payable, net of discount (in dollars)	'	122,364
Notes payable shareholders, net of debt discount (in dollars)	'	$25,539
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	67,860,880	8,350,000
Common stock, shares outstanding	67,860,880	8,350,000

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Rental income	$14,193	$0	$55,817	$0
Operating expenses:	'	'	'	'
Rental expenses	11,978	0	25,718	0
Legal and accounting	21,536	114,875	114,411	114,875
General and administrative	17,060	68,708	121,599	68,708
Interest expense	25,081	1,302	77,382	1,602
Amortization of discount on notes payable	281,625	0	563,253	0
Depreciation expense	4,200	0	12,600	0
Operating expenses	361,480	184,885	914,963	185,185
Loss from continuing operations	-347,287	-184,885	-859,146	-185,185
Loss from discontinued operations, net of taxes	0	0	0	-3,365
Net loss	($347,287)	($184,885)	($859,146)	($188,550)
Net loss per share from continuing operations	'	'	'	'
(Basic and fully diluted) (in dollars per share)	($0.03)	($0.02)	($0.09)	($0.02)
Net loss per share from discontinued operations	'	'	'	'
(Basic and fully diluted) (in dollars per share)	$0	$0	$0	$0
Weighted average number of common shares outstanding (in shares)	10,937,430	8,350,000	9,221,954	8,350,000

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash Flows From Operating Activities:	'	'
Net loss	($859,146)	($188,550)
Net loss from discontinued operations	0	3,365
Adjustments to reconcile net loss to net cash used for operating activities:	'	'
Amortization of debt discount	563,253	0
Depreciation expense	12,600	0
Changes in operating assets and liabilities:	'	'
Advance to property manager	-7,090	0
Accounts payable, accrued expenses, accrued interest and security deposits	-76,242	-1,488
Related party advances	-263,877	151,874
Net cash used for operating activities - continuing operations	-630,502	-34,799
Net cash used for operating activities - discontinued operations	0	-3,365
Net cash used for operating activities	-630,502	-38,164
Cash Flows From Investing Activities:	'	'
Acquisition of residential homes	-263,428	0
Net cash used for investing activities	-263,428	0
Cash Flows From Financing Activities:	'	'
Proceeds from convertible notes payable	500,000	37,789
Payment of convertible notes payable	-152,176	0
Net proceeds from common stock issuance	10,646,457	0
Net cash provided by financing activities	10,994,281	37,789
Net (Decrease) Increase In Cash	10,100,351	-375
Cash at the Beginning of the Period	5,763	599
Cash at the End of the Period	10,106,114	224
Supplemental Disclosure of Non-Cash Investing and Financing Activities	'	'
Debt discount for allocation of proceeds to warrants and beneficial conversion feature of debt	291,920	0
Conversion of debt to common shares	902,176	0
Deferred costs of common stock issuance	50,000	0
Supplemental Disclosure:	'	'
Cash paid for interest	0	2,790
Cash paid for income taxes	$0	$0

ORGANIZATION_OPERATIONS_AND_SU

ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	'
	NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Reven Housing REIT, Inc. and Subsidiary (the “Company”) (formerly known as Bureau of Fugitive Recovery, Inc.) was incorporated in the State of Colorado on April 26, 1995. The Company provided bounty hunting services for bail bond businesses through July 2, 2012.
	On July 2, 2012 Chad M. Carpenter purchased an aggregate of 5,999,300 shares of the outstanding common stock of the Company from certain of the Company’s stockholders in a private transaction. As consideration for the shares, Mr. Carpenter paid a total purchase price of $128,605 in cash from his personal funds. In connection with the transaction, an aggregate of 1,650,000 shares of the Company’s outstanding common stock were returned to treasury for cancellation. Immediately upon the closing of the transaction, Mr. Carpenter became the majority shareholder and Chief Executive Officer of the Company and beneficially owned stock representing 71.8 percent of the outstanding voting shares of the Company.
	The Company formally changed its name from Bureau of Fugitive Recovery, Inc. to “Reven Housing REIT, Inc.” and commenced activities to acquire portfolios of occupied and rented single-family houses throughout the United States in accordance with its new business plan. The Company’s business plan involves (i) acquiring portfolios of rented houses from investors; and (ii) receiving income from rental property activity and future profits from sale of rental property at appreciated values.
	On September 27, 2013, the Company entered into a stock purchase agreement with King APEX Group II, Ltd. and King APEX Group III, Ltd., which are funds managed by Allied Fortune (HK) Management Limited, a Hong Kong based funds management company, in connection with a proposed private placement of up to 125,000,000 shares of its common stock at a price of $0.20 per share, for aggregate gross proceeds of up to $25 million. An initial closing for 55,000,000 shares at a gross price of $11,000,000 was completed on September 27, 2013.  Cash proceeds after offering expenseswere $10,646,457. plus an additional non-cash expense of $50,000 for deferred cost for common stock issuance resulting in net proceeds of $10,596,457.
	In connection with the private placement of the Company’s common stock pursuant to the stock purchase agreement mentioned above, the Company also entered into a convertible promissory note conversion agreement on September 27, 2013 with certain holders of its outstanding 10% convertible promissory notes. Pursuant to the note conversion agreement, the Company agreed to issue shares of its common stock to those holders of the notes desiring to convert their convertible notes at the conversion price of $0.20 per share for the cancellation of the outstanding principal amounts under those notes. Certain holders elected to receive, and the Company agreed to make, cash payments on the outstanding principal amounts on their notes in lieu of shares of common stock. In addition, the Company agreed to make cash payments on all the accrued interest under the notes. As a result of the above, the Company issued 4,510,880 shares and closed on the conversion of $902,176 of aggregate principal of the Company’s outstanding notes. The remaining $152,176 of outstanding principal and all of the accrued interest under the notes have been repaid in full. Additionally in connection with the Company’s private placement, the number of Warrants issued and outstanding to the note holders was set at 5,271,760  shares at an exercise price of $0.20 per share.  The warrants will expire on September 27, 2018, if not exercised prior to that date.
	As a result of the issuance of the 55,000,000 shares on September 27, 2013 to King APEX Group II, Ltd. and King Apex Group III, Ltd., the two funds under common control collectively own approximately 81% of the Company’s outstanding voting shares and Mr. Carpenter now owns approximately 12.2% of the Company’s outstanding voting shares.
	Discontinued Operations
	On July 2, 2012, the Company discontinued operations related to the Bureau of Fugitive Recovery, Inc. upon Chad M. Carpenter becoming the majority shareholder of the Company. Accordingly, the former operations are classified as discontinued operations in the accompanying condensed consolidated statements of operations.
	Basis of Presentation
	The accompanying unaudited condensed consolidated interim financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of management, all adjustments (which include only normal recurring adjustments except as noted in management's discussion and analysis of financial condition and results of operations) necessary to present fairly the financial position, results of operations and changes in cash flows have been made.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted. It is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and notes thereto included in the 2012 Annual Report on Form 10-K, filed March 29, 2013. The results of operations for the quarter and nine months ended September 30, 2013, are not necessarily indicative of the operating results for the full year.
	Principles of Consolidation
	The accompanying financial statements consolidate the accounts of the Company and its wholly-owned subsidiary Reven Housing Georgia, LLC. All significant inter-company transactions have been eliminated in consolidation.
	Cash and Cash Equivalents
	The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents.
	Advances to Property Manager
	Advances to property manager represent the amount of security deposits and net rental funds which are held by the property manager on behalf of the Company.
	Deferred Stock Issuance Costs
	Deferred stock issuance costs represent amounts paid for consulting services in conjunction with the raising of additional capital to be performed within one year. This amount was charged against additional paid in capital as a cost of the stock issuance upon closing of the Company’s private placement.
	Warrant Issuance and Note Conversion Feature
	The Company accounts for the proceeds from the issuance of convertible notes payable with detachable stock purchase warrants and embedded conversion features in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 470-20, Debt with Conversion and Other Options. Under FASB ASC 470-20, the proceeds from the issuance of a debt instrument with detachable stock purchase warrants shall be allocated to the two elements based on the relative fair values of the debt instrument without the warrants and of the warrants themselves at the time of issuance. The portion of the proceeds allocated to the warrants is accounted for as additional paid-in capital and the remaining proceeds are allocated to the debt instrument which resulted in a discount to debt which is amortized and charged as interest expense over the term of the note agreement. Additionally, pursuant to FASB ASC 470-20, the intrinsic value of the embedded conversion feature of the convertible notes payable is included in the discount to debt and amortized and charged to interest expense over the life of the note agreement.
	Revenue Recognition
	Property is leased under rental agreements of varying terms (generally one year) and revenue is recognized over the lease term on a straight-line basis.
	Income Taxes
	The Company accounts for income taxes pursuant to FASB ASC 740, Income Taxes. Under FASB ASC 740, deferred taxes are provided on a liability method, whereby deferred tax assets are recognized for deductible temporary differences and operating loss carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
	The Company accounts for uncertain tax positions in accordance with FASB ASC 740, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under FASB ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. As of December 31, 2012 and September 30, 2013, the Company does not have a liability for unrecognized tax uncertainties. The Company’s policy is to record interest and penalties on uncertain tax positions as income tax expense. As of December 31, 2012 and September 30, 2013, the Company has no interest or penalties related to uncertain tax positions.
	Incentive Compensation Plan
	During 2012, the Company established the 2012 Incentive Compensation Plan (“2012 Plan”). The 2012 Plan allows for the grant of options and other awards representing up to 5,002,500 shares of the Company’s common stock. Such awards may be granted to officers, directors, employees, consultants and other persons who provide services to the Company or any related entity. Under the 2012 Plan, options may be granted at an exercise price greater than or equal to the market value at the date of the grant, for owners of 10% or more of the voting shares, at an exercise price of not less than 110% of the market value. Awards are exercisable over a period of time as determined by a committee designated by the Board of Directors, but in no event longer than ten years. No awards have been granted as of September 30, 2013.
	Net Loss Per Share
	Net loss per share is computed by dividing the net loss by the weighted average number of shares of common stock outstanding. Warrants, stock options, and common stock issuable upon the conversion of the Company's preferred stock (if any), are not included in the computation if the effect would be anti-dilutive and would increase the earnings or decrease loss per share. For the periods ended September 30, 2012 there were no shares that were potentially dilutive. For the periods ended September 30, 2013, potentially dilutive securities excluded from the calculations were 5,271,760 shares issuable upon exercise of outstanding warrants granted in conjunction with the convertible notes.
	Flnancial Instruments
	The carrying value of the Company’s financial instruments, as reported in the accompanying condensed consolidated balance sheets, approximates fair value.
	Security Deposits
	Security deposits represent amounts deposited by tenants at the inception of the lease.
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the balance sheet date and reported amounts of expenses for the periods presented. Accordingly, actual results could differ from those estimates. Significant estimates include assumptions used to value warrants and conversion features associated with convertible notes payable (Note 3).  Further, significant estimates include assumptions used to determine the allocation of purchase prices of property acquisitions (Note 1).
	Property Acquisitions
	The Company accounts for its acquisitions of real estate in accordance with FASB ASC 805, Accounting for Business Combinations, Goodwill, and Other Intangible Assets, which requires the purchase price of acquired properties be allocated to the acquired tangible assets and liabilities, consisting of land, building, and identified intangible assets, consisting of the value of above-market and below-market leases, the value of in-place leases, unamortized lease origination costs and security deposits, based in each case on their fair values.
	The Company allocates the purchase price to tangible assets of an acquired property (which includes land and building) based on the estimated fair values of those tangible assets, assuming the property was vacant. Fair value for land and building is based on the purchase price for these properties. The Company also considers information obtained about each property as a result of its pre-acquisition due diligence, marketing and leasing activities in estimating the fair values of the tangible and intangible assets and liabilities acquired.
	The total value allocable to intangible assets acquired, which consists of unamortized lease origination costs and in-place leases (including an above-market or below-market component of an acquired in-place lease), are allocated based on management’s evaluation of the specific characteristics of each tenant’s lease and the Company’s overall relationship with that respective tenant. Characteristics considered by management in allocating these values include the nature and extent of the existing business relationships with the tenant, growth prospects for developing new business with the tenant, the remaining term of the lease and the tenant’s credit quality, among other factors. As of December 31, 2012 and September 30, 2013, management has determined that no value is required to be allocated to intangible assets, as the leases assumed are short-term with values that are insignificant.
	Reclassifications
	Certain amounts for 2012 have been reclassified to conform to the current year’s presentation.

RESIDENTIAL_HOMES_NET

RESIDENTIAL HOMES, NET	9 Months Ended
	Sep. 30, 2013
Residential Homes [Abstract]	'
Residential Homes [Text Block]	'
	NOTE 2. RESIDENTIAL HOMES, NET
	Reven Housing Georgia, LLC (a wholly owned subsidiary of Reven Housing REIT, Inc.) completed the acquisition of nine residential homes (the “Homes”). The nine Homes are located in various cities in Georgia, consisting of approximately 12,989 rentable square feet and are located on approximately 2.35 acres of land. Five of these Homes were purchased in 2012 and the remaining four Homes were purchased on January 10, 2013. The Homes are leased on short-term leases expiring on various dates over the coming year.
	In accordance with ASC 805, the Company allocated the purchase price of the properties as follows:
							Total
					Residential		Purchase
		Land		Homes		Price
	5242 Station Circle, Norcross Georgia	$	13,631	$	55,559	$	69,190
	615 Cowan Road Covington, Georgia		14,010		56,348		70,358
	110 Bear Run Ct Palmetto, Georgia		12,874		52,530		65,404
	7220 Little Fawn Parkway Palmetto, Georgia		12,874		52,530		65,404
	4860 Lost Colony Stone Mountain, Georgia		13,631		55,559		69,190
	1740 Camden Forrest Trail Riverdale, Georgia		13,252		54,044		67,296
	11352 Michelle Way Hampton, Georgia		12,874		52,530		65,404
	205 Highgate Trail, Covington, Georgia		13,252		54,044		67,296
	924 Lake Terrace Drive, Stone Mountain, Georgia		13,252		54,044		67,296
		$	119,650	$	487,188	$	606,838
	Residential homes purchased by the Company are recorded at cost. The Homes are depreciated over the estimated useful lives using the straight-line method for financial reporting purposes. The estimated useful life for the residential homes is estimated to be 27.5 years.

CONVERTIBLE_NOTES_PAYABLE

CONVERTIBLE NOTES PAYABLE	9 Months Ended
	Sep. 30, 2013
Convertible Notes Payable [Abstract]	'
Convertible Notes Payable [Text Block]	'
	NOTE 3. CONVERTIBLE NOTES PAYABLE
	The Company issued convertible promissory notes (the “Notes”) to certain accredited investors, shareholders, and officers in the aggregate principal amount of $1,054,352. Of this total, $500,000 was issued on January 3, 2013 in order to fund the four additional residential homes purchased in January 2013 and to pay operating expenses. The maturity date for the Notes was the earlier of December 31, 2013, or upon the Company raising $5 million or more of equity capital. The Notes bore interest at a rate of 10 percent per annum payable in full on the maturity date and were unsecured. Upon the Company successfully raising additional capital, the Notes may be exchanged by the holders for such securities of the Company at the same price and on the same terms and conditions being offered to the other investors in such financing, and the principal and accrued interest under the Notes will be applied towards the purchase price of such security. The Notes could be prepaid in whole or in part at the Company’s option without penalty.
	Of the total Notes, $652,176 were issued to an officer, $350,000 were issued to accredited investors, and $52,176 to shareholders.
	As mentioned above, on September 27, 2013, in connection with the Company’s sale of common stock through a private placement, convertible notes with a principal balance of $902,176 were exchanged for 4,510,880 shares of common stock at a conversion price of $0.20 per share and retired. Also in connection with the private placement, notes with a principal balance of $152,176 were paid in full along with accrued interest on all the convertible notes with cash payments.
	Warrant Issuance and Note Conversion Feature
	In connection with the issuance of the above Notes, the Company also issued to the investors 5-year detachable warrants exercisable for shares of the Company’s common stock (the “Warrants”). The exercise price of the Warrants is estimeted to be the same as the price per share of the equity securities sold to investors in the qualified equity financing and each Warrant provides for 100% warrant coverage on the principal amount of the related Note.
	The fair value of the Warrants and debt beneficial conversion feature were determined using the Monte-Carlo simulation valuation model that uses assumptions for expected volatility, expected dividends, and the risk-free interest rate. Expected volatilities are based on weighted averages of the selected peer group of thirteen companies as the Company has no trading history and are estimated over the expected term of the Warrants. The risk-free rate is based on the U.S. Treasury yield curve at the date of issuance for the period of the expected term. Accordingly, the fair value of the proceeds attributable to Warrants of $309,892 and the debt beneficial conversion feature of $309,891 totaling $619,783, have been recorded as an increase in additional paid-in capital and as a corresponding discount to the convertible notes payable. Upon the issuance of the additional $500,000 of convertible notes payable on January 3, 2013 mentioned above, $291,920 of this increase in additional paid-in capital and corresponding debt discount was recorded.  The discount is amortized over the term of the convertible notes payable using the interest method.  In connection with the Company’s private placement of common stock and the corresponding conversion and retirement of the Notes, all remaining discount was recognized as an expense as of September 27, 2013. Amortization of the discount amounted to $281,625 and $563,253 and is included as a separate expense on the condensed consolidated statement of operations for three and nine months ended September 30, 2013, respectively.
	Additionally in connection with the Company’s private placement, the number of Warrants issued and outstanding to the Note holders was set at 5,271,760 shares at an exercise price of $0.20 per share.  The warrants will expire on September 27, 2018, if not exercised prior to that date.

ACCOUNTS_PAYABLE_AND_ACCRUED_E

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	9 Months Ended
	Sep. 30, 2013
Accounts Payable and Accrued Liabilities [Abstract]	'
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	'
	NOTE 4. ACCOUNTS PAYABLE AND ACCRUED EXPENSES
	At December 31, 2012 and September 30, 2013 accounts payable and accrued expenses consisted of the following:
		2012		2013
	Accounts payable	$	-	$	12,150
	Accrued property taxes		-		2,308
	Accrued legal fees		119,978		37,448
		$	119,978	$	51,906

INCOME_TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	NOTE 5. INCOME TAXES
	Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and expected carry-forwards are available to reduce taxable income.  The Company records a valuation allowance when, in the opinion of management, it is more likely than not, the Company will not realize some or all deferred tax assets.  As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance equal to the deferred tax asset.  At December 31, 2012, the Company had federal net operating loss carry-forwards of approximately $538,000.  The federal tax loss carry-forwards will begin to expire in 2026 and 2019, respectively, unless previously utilized.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	NOTE 6. RELATED PARTY TRANSACTIONS
	At December 31, 2012, the Company had convertible notes payable outstanding to Chad M. Carpenter of $252,176. At September 27, 2013, the Company had convertible notes payable outstanding to Chad M. Carpenter and Reven Capital, LLC, an entity wholly owned by Mr. Carpenter, in the amount of $652,176, that were converted to common shares as described more fully in Note 3.
	At December 31, 2012 and September 27, 2013, the Company had convertible notes payable outstanding to certain other shareholders of the Company in the amount of $52,176. These notes were paid off or converted as described more fully in Note 3.
	At December 31, 2012 and September 30, 2013, the Company owed Reven Capital, LLC $266,877 and $3,000, respectively, for advances made for operating expenses. The advances are due on demand, unsecured and are non-interest bearing. The Company sub-leases office space on a month-to-month basis from Reven Capital, LLC. Reven Capital, LLC is wholly-owned by Chad M. Carpenter. Amounts paid to Reven Capital, LLC during the nine months ended September 30, 2013 amounted to $412,315. These payments were for the reimbursement of Company expenses paid and previously advanced by Reven Capital, LLC.
	For the year ended December 31, 2012, the Company paid $50,000 for consulting services to a company in which a Board of Director member of the Company is the Senior Managing Principal which was included in deferred stock issuance costs on the accompanying condensed consolidated balance sheet as of December 31, 2012 and was charged against additional paid in capital upon the closing of the private placement on September 27, 2013.

COMMITMENTS

COMMITMENTS	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	NOTE 7. COMMITMENTS
	Property Management Agreement
	The Company has entered into a property management agreement with HomeSpot Property Management in which the Company will pay six percent of gross rental receipts.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	NOTE 8. SUBSEQUENT EVENTS
	Stock Purchase
	On October 29, 2013, the Company sold an additional 11,500,000 shares of its common stock for $0.20 per share under the terms of its stock purchase agreement entered into on September 27, 2013 with King APEX Group II, Ltd. and King APEX Group III, Ltd., which are funds managed by Allied Fortune (HK) Management Limited, a Hong Kong based funds management company. Net proceeds after offering expenses were $2,236,750.
	Single Family Home Portfolio Purchase
	On October 4, 2013, a wholly owned subsidiary of the Company entered into a purchase and sale agreement for the purchase of a portfolio of 170 single family homes located in the Houston, Texas metropolitan area. The properties collectively encompass an aggregate of 242,964 rentable square feet.  Total purchase price is $13,400,000 not including closing costs.
	On October 31, 2013, the Company closed and completed the purchase of 150 of the homes at a contract price of $11,691,832. Closing costs totaled approximately $120,000.
	The below shows the pro forma effect to the Company’s balance sheet of the additional common stock sale and the purchase of the homes if the subsequent events had occurred as of September 30, 2013.
	Reven Housing REIT, Inc
	Unaudited Pro Forma Condensed Balance Sheets
		Sep-13		Pro Forma			September 2013 Pro Forma
		(Unaudited)		Adjustments			Adjustments
	ASSETS
	Cash	$	10,106,114	$	-11,812,000	-1		530,864
	Advance to property manager		10,465		2,236,750	-2		10,465
	Residential homes, net of accumulated depreciation of $1,400 in 2012 and $14,000 in 2013		592,838		11,812,000	-1		12,404,838
	Total Assets	$	10,709,417	$	2,236,750		$	12,946,167
	LIABILITIES AND STOCKHOLDERS' EQUITY
	Accounts payable and accrued expenses	$	51,906	$	-		$	51,906
	Accrued interest and security deposits		6,600		-			6,600
	Related party advance		3,000		-			3,000
	Total Liabilities		61,506		-			61,506
	Commitments and contingencies
	Stockholders' Equity
	Common stock		67,861		11,500	-2		79,361
	Additional paid-in capital		12,080,555		2,225,250	-2		14,305,805
	Accumulated deficit		-1,500,505		-			-1,500,505
	Total Stockholders' Equity		10,647,911		2,236,750			12,884,661
	Total Liabilities and Stockholders' Equity	$	10,709,417	$	2,236,750		$	12,946,167
	ASSUMPTIONS:
	(1) Purchase of 150 homes valued at approximately $11,812,000 for cash
	(2) Sale of 11,500,000 shares of common stock, at $0.20 per share, for proceeds of $2,236,750

ORGANIZATION_OPERATIONS_AND_SU1

ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Discontinued Operations, Policy [Policy Text Block]	'
	Discontinued Operations
	On July 2, 2012, the Company discontinued operations related to the Bureau of Fugitive Recovery, Inc. upon Chad M. Carpenter becoming the majority shareholder of the Company. Accordingly, the former operations are classified as discontinued operations in the accompanying condensed consolidated statements of operations.
Basis of Accounting, Policy [Policy Text Block]	'
	Basis of Presentation
	The accompanying unaudited condensed consolidated interim financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of management, all adjustments (which include only normal recurring adjustments except as noted in management's discussion and analysis of financial condition and results of operations) necessary to present fairly the financial position, results of operations and changes in cash flows have been made.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted. It is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and notes thereto included in the 2012 Annual Report on Form 10-K, filed March 29, 2013. The results of operations for the quarter and nine months ended September 30, 2013, are not necessarily indicative of the operating results for the full year.
Consolidation, Policy [Policy Text Block]	'
	Principles of Consolidation
	The accompanying financial statements consolidate the accounts of the Company and its wholly-owned subsidiary Reven Housing Georgia, LLC. All significant inter-company transactions have been eliminated in consolidation.
Cash and Cash Equivalents, Policy [Policy Text Block]	'
	Cash and Cash Equivalents
	The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents.
Advances to Property Manager [Policy Text Block]	'
	Advances to Property Manager
	Advances to property manager represent the amount of security deposits and net rental funds which are held by the property manager on behalf of the Company.
Deferred Stock Issuance Costs [Policy Text Block]	'
	Deferred Stock Issuance Costs
	Deferred stock issuance costs represent amounts paid for consulting services in conjunction with the raising of additional capital to be performed within one year. This amount was charged against additional paid in capital as a cost of the stock issuance upon closing of the Company’s private placement.
Warrant Issuance and Note Conversion Feature [Policy Text Block]	'
	Warrant Issuance and Note Conversion Feature
	The Company accounts for the proceeds from the issuance of convertible notes payable with detachable stock purchase warrants and embedded conversion features in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 470-20, Debt with Conversion and Other Options. Under FASB ASC 470-20, the proceeds from the issuance of a debt instrument with detachable stock purchase warrants shall be allocated to the two elements based on the relative fair values of the debt instrument without the warrants and of the warrants themselves at the time of issuance. The portion of the proceeds allocated to the warrants is accounted for as additional paid-in capital and the remaining proceeds are allocated to the debt instrument which resulted in a discount to debt which is amortized and charged as interest expense over the term of the note agreement. Additionally, pursuant to FASB ASC 470-20, the intrinsic value of the embedded conversion feature of the convertible notes payable is included in the discount to debt and amortized and charged to interest expense over the life of the note agreement.
Revenue Recognition, Policy [Policy Text Block]	'
	Revenue Recognition
	Property is leased under rental agreements of varying terms (generally one year) and revenue is recognized over the lease term on a straight-line basis.
Income Tax, Policy [Policy Text Block]	'
	Income Taxes
	The Company accounts for income taxes pursuant to FASB ASC 740, Income Taxes. Under FASB ASC 740, deferred taxes are provided on a liability method, whereby deferred tax assets are recognized for deductible temporary differences and operating loss carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
	The Company accounts for uncertain tax positions in accordance with FASB ASC 740, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under FASB ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. As of December 31, 2012 and September 30, 2013, the Company does not have a liability for unrecognized tax uncertainties. The Company’s policy is to record interest and penalties on uncertain tax positions as income tax expense. As of December 31, 2012 and September 30, 2013, the Company has no interest or penalties related to uncertain tax positions.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	'
	Incentive Compensation Plan
	During 2012, the Company established the 2012 Incentive Compensation Plan (“2012 Plan”). The 2012 Plan allows for the grant of options and other awards representing up to 5,002,500 shares of the Company’s common stock. Such awards may be granted to officers, directors, employees, consultants and other persons who provide services to the Company or any related entity. Under the 2012 Plan, options may be granted at an exercise price greater than or equal to the market value at the date of the grant, for owners of 10% or more of the voting shares, at an exercise price of not less than 110% of the market value. Awards are exercisable over a period of time as determined by a committee designated by the Board of Directors, but in no event longer than ten years. No awards have been granted as of September 30, 2013.
Earnings Per Share, Policy [Policy Text Block]	'
	Net Loss Per Share
	Net loss per share is computed by dividing the net loss by the weighted average number of shares of common stock outstanding. Warrants, stock options, and common stock issuable upon the conversion of the Company's preferred stock (if any), are not included in the computation if the effect would be anti-dilutive and would increase the earnings or decrease loss per share. For the periods ended September 30, 2012 there were no shares that were potentially dilutive. For the periods ended September 30, 2013, potentially dilutive securities excluded from the calculations were 5,271,760 shares issuable upon exercise of outstanding warrants granted in conjunction with the convertible notes.
Fair Value of Financial Instruments, Policy [Policy Text Block]	'
	Flnancial Instruments
	The carrying value of the Company’s financial instruments, as reported in the accompanying condensed consolidated balance sheets, approximates fair value.
Security Deposits [Policy Text Block]	'
	Security Deposits
	Security deposits represent amounts deposited by tenants at the inception of the lease.
Use of Estimates, Policy [Policy Text Block]	'
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the balance sheet date and reported amounts of expenses for the periods presented. Accordingly, actual results could differ from those estimates. Significant estimates include assumptions used to value warrants and conversion features associated with convertible notes payable (Note 3).  Further, significant estimates include assumptions used to determine the allocation of purchase prices of property acquisitions (Note 1).
Property Acquisitions [Policy Text Block]	'
	Property Acquisitions
	The Company accounts for its acquisitions of real estate in accordance with FASB ASC 805, Accounting for Business Combinations, Goodwill, and Other Intangible Assets, which requires the purchase price of acquired properties be allocated to the acquired tangible assets and liabilities, consisting of land, building, and identified intangible assets, consisting of the value of above-market and below-market leases, the value of in-place leases, unamortized lease origination costs and security deposits, based in each case on their fair values.
	The Company allocates the purchase price to tangible assets of an acquired property (which includes land and building) based on the estimated fair values of those tangible assets, assuming the property was vacant. Fair value for land and building is based on the purchase price for these properties. The Company also considers information obtained about each property as a result of its pre-acquisition due diligence, marketing and leasing activities in estimating the fair values of the tangible and intangible assets and liabilities acquired.
	The total value allocable to intangible assets acquired, which consists of unamortized lease origination costs and in-place leases (including an above-market or below-market component of an acquired in-place lease), are allocated based on management’s evaluation of the specific characteristics of each tenant’s lease and the Company’s overall relationship with that respective tenant. Characteristics considered by management in allocating these values include the nature and extent of the existing business relationships with the tenant, growth prospects for developing new business with the tenant, the remaining term of the lease and the tenant’s credit quality, among other factors. As of December 31, 2012 and September 30, 2013, management has determined that no value is required to be allocated to intangible assets, as the leases assumed are short-term with values that are insignificant.
Reclassification, Policy [Policy Text Block]	'
	Reclassifications
	Certain amounts for 2012 have been reclassified to conform to the current year’s presentation.

RESIDENTIAL_HOMES_NET_Tables

RESIDENTIAL HOMES, NET (Tables)	9 Months Ended
	Sep. 30, 2013
Residential Homes [Abstract]	'
Schedule of Purchase Price Allocation of Properties Acquired [Table Text Block]	'
	In accordance with ASC 805, the Company allocated the purchase price of the properties as follows:
							Total
					Residential		Purchase
		Land		Homes		Price
	5242 Station Circle, Norcross Georgia	$	13,631	$	55,559	$	69,190
	615 Cowan Road Covington, Georgia		14,010		56,348		70,358
	110 Bear Run Ct Palmetto, Georgia		12,874		52,530		65,404
	7220 Little Fawn Parkway Palmetto, Georgia		12,874		52,530		65,404
	4860 Lost Colony Stone Mountain, Georgia		13,631		55,559		69,190
	1740 Camden Forrest Trail Riverdale, Georgia		13,252		54,044		67,296
	11352 Michelle Way Hampton, Georgia		12,874		52,530		65,404
	205 Highgate Trail, Covington, Georgia		13,252		54,044		67,296
	924 Lake Terrace Drive, Stone Mountain, Georgia		13,252		54,044		67,296
		$	119,650	$	487,188	$	606,838

ACCOUNTS_PAYABLE_AND_ACCRUED_E1

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	9 Months Ended
	Sep. 30, 2013
Accounts Payable and Accrued Liabilities [Abstract]	'
Schedule of Accrued Liabilities [Table Text Block]	'
	At December 31, 2012 and September 30, 2013 accounts payable and accrued expenses consisted of the following:
		2012		2013
	Accounts payable	$	-	$	12,150
	Accrued property taxes		-		2,308
	Accrued legal fees		119,978		37,448
		$	119,978	$	51,906

SUBSEQUENT_EVENTS_Tables

SUBSEQUENT EVENTS (Tables)	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
Schedule of Subsequent Events [Table Text Block]	'
	The below shows the pro forma effect to the Company’s balance sheet of the additional common stock sale and the purchase of the homes if the subsequent events had occurred as of September 30, 2013.
	Reven Housing REIT, Inc
	Unaudited Pro Forma Condensed Balance Sheets
		Sep-13		Pro Forma			September 2013 Pro Forma
		(Unaudited)		Adjustments			Adjustments
	ASSETS
	Cash	$	10,106,114	$	-11,812,000	-1		530,864
	Advance to property manager		10,465		2,236,750	-2		10,465
	Residential homes, net of accumulated depreciation of $1,400 in 2012 and $14,000 in 2013		592,838		11,812,000	-1		12,404,838
	Total Assets	$	10,709,417	$	2,236,750		$	12,946,167
	LIABILITIES AND STOCKHOLDERS' EQUITY
	Accounts payable and accrued expenses	$	51,906	$	-		$	51,906
	Accrued interest and security deposits		6,600		-			6,600
	Related party advance		3,000		-			3,000
	Total Liabilities		61,506		-			61,506
	Commitments and contingencies
	Stockholders' Equity
	Common stock		67,861		11,500	-2		79,361
	Additional paid-in capital		12,080,555		2,225,250	-2		14,305,805
	Accumulated deficit		-1,500,505		-			-1,500,505
	Total Stockholders' Equity		10,647,911		2,236,750			12,884,661
	Total Liabilities and Stockholders' Equity	$	10,709,417	$	2,236,750		$	12,946,167
	ASSUMPTIONS:
	(1) Purchase of 150 homes valued at approximately $11,812,000 for cash
	(2) Sale of 11,500,000 shares of common stock, at $0.20 per share, for proceeds of $2,236,750

ORGANIZATION_OPERATIONS_AND_SU2

ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $)

1 Months Ended

9 Months Ended

1 Months Ended

0 Months Ended

Sep. 27, 2013

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 27, 2013

Sep. 27, 2013

Sep. 27, 2013

Sep. 27, 2013

Sep. 27, 2013

Dec. 31, 2012

Jul. 02, 2012

Sep. 30, 2013

Dec. 31, 2012

Promissory Note Conversion Agreement [Member]

King APEX Group II & III Ltd [Member]

Mr. Carpenter [Member]

Private Placement [Member]

Private Placement [Member]

Incentive Compensation Plan 2012 [Member]

Chad M Carpenter [Member]

Chad M Carpenter [Member]

Chad M Carpenter [Member]

King APEX Group II Ltd [Member]

Entity Incorporation, State Country Name

'

'Colorado

'

'

'

'

'

'

'

'

'

'

'

Entity Incorporation, Date of Incorporation

'

26-Apr-95

'

'

'

'

'

'

'

'

'

'

'

Common Stock Purchased During Period

'

'

'

'

'

'

'

'

'

'

5,999,300

'

'

Payments to Acquire Common Stock

'

'

'

'

'

'

'

'

'

'

$128,605

'

'

Treasury Stock, Shares, Acquired

'

'

'

'

'

'

'

'

'

'

1,650,000

'

'

Business Acquisition, Percentage of Voting Interests Acquired

'

'

'

'

'

'

'

'

'

'

71.80%

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized

'

'

'

'

'

'

'

'

'

5,002,500

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Description

'

'Under the 2012 Plan, options may be granted at an exercise price greater than or equal to the market value at the date of the grant, for owners of 10% or more of the voting shares, at an exercise price of not less than 110% of the market value.

'

'

'

'

'

'

'

'

'

'

'

Stock Issued During Period, Shares, New Issues

'

'

'

'

4,510,880

'

'

'

125,000,000

'

'

'

'

Share Price

'

'

'

'

'

'

'

'

$0.20

'

'

'

'

Proceeds from Issuance of Common Stock

'

'

'

'

'

'

'

'

25,000,000

'

'

'

'

Deferred Costs Of Common Stock Issuance

'

50,000

0

'

'

'

'

'

50,000

'

'

'

'

Net Proceeds Form Issuance Of Common Stock

'

'

'

'

'

'

'

'

10,596,457

'

'

'

'

Stock Issued During Period Shares Initially Closed

'

'

'

'

'

'

'

'

55,000,000

'

'

'

'

Stock Issued During Period Value Initially Closed

'

'

'

'

'

'

'

'

11,000,000

'

'

'

'

Proceeds from Issuance of Private Placement

'

'

'

'

'

'

'

'

10,646,457

'

'

'

'

Debt Instrument, Interest Rate, Stated Percentage

'

'

'

'

10.00%

'

'

'

'

'

'

'

'

Common Stock Conversion Price

'

'

'

'

$0.20

'

'

'

'

'

'

'

'

Convertible Notes Payable

'

0

'

128,746

902,176

'

'

'

'

'

'

652,176

252,176

Long-term Debt, Gross

'

'

'

'

$152,176

'

'

'

'

'

'

'

'

Warrants To Purchase Common Stock

5,271,760

'

'

'

'

'

'

5,271,760

'

'

'

'

'

Purchase Of Common Stock Price Per Share

$0.20

'

'

'

'

'

'

$0.20

'

'

'

'

'

Investment Warrants Expiration Date

27-Sep-18

'

'

'

'

'

'

27-Sep-18

'

'

'

'

'

Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage

'

'

'

'

'

81.00%

12.20%

'

'

'

'

'

'

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount

'

5,271,760

'

'

'

'

'

'

'

'

'

'

'

RESIDENTIAL_HOMES_NET_Details

RESIDENTIAL HOMES, NET (Details) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Acquisition of residential homes	$263,428	$0
Land [Member]	'	'
Acquisition of residential homes	119,650	'
Residential Homes [Member]	'	'
Acquisition of residential homes	487,188	'
Purchase Price [Member]	'	'
Acquisition of residential homes	606,838	'
Five Thounsand Two Hundred and Fourty Two Station Circle Norcross Georgia [Member] | Land [Member]	'	'
Acquisition of residential homes	13,631	'
Five Thounsand Two Hundred and Fourty Two Station Circle Norcross Georgia [Member] | Residential Homes [Member]	'	'
Acquisition of residential homes	55,559	'
Five Thounsand Two Hundred and Fourty Two Station Circle Norcross Georgia [Member] | Purchase Price [Member]	'	'
Acquisition of residential homes	69,190	'
Six Hundred And Fifteen Cowan Road Covington Georgia [Member] | Land [Member]	'	'
Acquisition of residential homes	14,010	'
Six Hundred And Fifteen Cowan Road Covington Georgia [Member] | Residential Homes [Member]	'	'
Acquisition of residential homes	56,348	'
Six Hundred And Fifteen Cowan Road Covington Georgia [Member] | Purchase Price [Member]	'	'
Acquisition of residential homes	70,358	'
One Hundred and Ten Bear Run Ct Palmetto Georgia [Member] | Land [Member]	'	'
Acquisition of residential homes	12,874	'
One Hundred and Ten Bear Run Ct Palmetto Georgia [Member] | Residential Homes [Member]	'	'
Acquisition of residential homes	52,530	'
One Hundred and Ten Bear Run Ct Palmetto Georgia [Member] | Purchase Price [Member]	'	'
Acquisition of residential homes	65,404	'
Seven Thousand Two Hundred Twenty Little Fawn Parkway Palmetto Georgia [Member] | Land [Member]	'	'
Acquisition of residential homes	12,874	'
Seven Thousand Two Hundred Twenty Little Fawn Parkway Palmetto Georgia [Member] | Residential Homes [Member]	'	'
Acquisition of residential homes	52,530	'
Seven Thousand Two Hundred Twenty Little Fawn Parkway Palmetto Georgia [Member] | Purchase Price [Member]	'	'
Acquisition of residential homes	65,404	'
Four Thousand Eight Hundred and Sxty Lost Colony Stone Mountain Georgia [Member] | Land [Member]	'	'
Acquisition of residential homes	13,631	'
Four Thousand Eight Hundred and Sxty Lost Colony Stone Mountain Georgia [Member] | Residential Homes [Member]	'	'
Acquisition of residential homes	55,559	'
Four Thousand Eight Hundred and Sxty Lost Colony Stone Mountain Georgia [Member] | Purchase Price [Member]	'	'
Acquisition of residential homes	69,190	'
One Thousand Seven Hundred and Fourty Camden Forrest Trail Riverdale Georgia [Member] | Land [Member]	'	'
Acquisition of residential homes	13,252	'
One Thousand Seven Hundred and Fourty Camden Forrest Trail Riverdale Georgia [Member] | Residential Homes [Member]	'	'
Acquisition of residential homes	54,044	'
One Thousand Seven Hundred and Fourty Camden Forrest Trail Riverdale Georgia [Member] | Purchase Price [Member]	'	'
Acquisition of residential homes	67,296	'
Eleven Thousand Three Hundred and Fifty Two Michelle Way Hampton Georgia [Member] | Land [Member]	'	'
Acquisition of residential homes	12,874	'
Eleven Thousand Three Hundred and Fifty Two Michelle Way Hampton Georgia [Member] | Residential Homes [Member]	'	'
Acquisition of residential homes	52,530	'
Eleven Thousand Three Hundred and Fifty Two Michelle Way Hampton Georgia [Member] | Purchase Price [Member]	'	'
Acquisition of residential homes	65,404	'
Two Hundred and Five Highgate Trail Covington Georgia [Member] | Land [Member]	'	'
Acquisition of residential homes	13,252	'
Two Hundred and Five Highgate Trail Covington Georgia [Member] | Residential Homes [Member]	'	'
Acquisition of residential homes	54,044	'
Two Hundred and Five Highgate Trail Covington Georgia [Member] | Purchase Price [Member]	'	'
Acquisition of residential homes	67,296	'
Nine Hundred and Twenty Four Lake Terrace Drive Stone Mountain Georgia [Member] | Land [Member]	'	'
Acquisition of residential homes	13,252	'
Nine Hundred and Twenty Four Lake Terrace Drive Stone Mountain Georgia [Member] | Residential Homes [Member]	'	'
Acquisition of residential homes	54,044	'
Nine Hundred and Twenty Four Lake Terrace Drive Stone Mountain Georgia [Member] | Purchase Price [Member]	'	'
Acquisition of residential homes	$67,296	'

RESIDENTIAL_HOMES_NET_Details_

RESIDENTIAL HOMES, NET (Details Textual)	9 Months Ended
	Sep. 30, 2013	Jan. 10, 2013	Dec. 31, 2012
	acre	Reven Housing Georgia Llc [Member]	Reven Housing Georgia Llc [Member]
	sqft	Numbers	Numbers
Homes Purchased Under Agreement	'	4	5
Net Rentable Area	12,989	'	'
Area of Land	2.35	'	'
Property, Plant and Equipment, Useful Life	'27 years 6 months	'	'

CONVERTIBLE_NOTES_PAYABLE_Deta

CONVERTIBLE NOTES PAYABLE (Details Textual) (USD $)	1 Months Ended	3 Months Ended	9 Months Ended		1 Months Ended					9 Months Ended
	Sep. 27, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2012	Sep. 27, 2013	Sep. 27, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Jan. 03, 2013
					Private Placement [Member]	Promissory Note Conversion Agreement [Member]	Officer [Member]	Shareholders [Member]	Accredited Investors [Members]	Five Accredited Investors [Member]	Five Accredited Investors [Member]
Debt Instrument, Annual Principal Payment	'	'	'	'	'	'	'	'	$1,054,352	'	'
Debt Instrument, Maturity Date	'	'	'	'	'	'	'	'	'	31-Dec-13	'
Notes Payable, Related Parties, Current	'	'	'	'	'	'	'	52,176	350,000	'	500,000
Increase in Equity Capital	'	'	'	'	'	'	'	'	'	5,000,000	'
Debt Instrument, Interest Rate, Effective Percentage	'	'	'	'	'	'	'	'	10.00%	'	'
Proceeds from Issuance of Warrants	'	'	309,892	'	'	'	'	'	'	'	'
Debt Instrument, Convertible, Beneficial Conversion Feature	'	'	309,891	'	'	'	'	'	'	'	'
Warrants and Rights Outstanding	'	619,783	619,783	'	'	'	'	'	'	'	'
Amortization of Debt Discount (Premium)	'	281,625	563,253	0	'	'	'	'	'	'	'
Convertible Notes Payable, Current	'	'	'	'	'	902,176	652,176	'	'	'	'
Warrant Coverage Percentage	'	'	100.00%	'	'	'	'	'	'	'	'
Increase in Additional Paid-in Capital	'	'	291,920	'	'	'	'	'	'	'	'
Stock Issued During Period, Shares, New Issues	'	'	'	'	'	4,510,880	'	'	'	'	'
Debt Instrument, Convertible, Conversion Price	'	'	'	'	'	$0.20	'	'	'	'	'
Warrants To Purchase Common Stock	5,271,760	'	'	'	5,271,760	'	'	'	'	'	'
Purchase Of Common Stock Price Per Share	$0.20	'	'	'	$0.20	'	'	'	'	'	'
Investment Warrants Expiration Date	27-Sep-18	'	'	'	27-Sep-18	'	'	'	'	'	'
Long-term Debt, Gross	'	'	'	'	'	$152,176	'	'	'	'	'

ACCOUNTS_PAYABLE_AND_ACCRUED_E2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Accounts payable	$12,150	$0
Accrued property taxes	2,308	0
Accrued legal fees	37,448	119,978
Accounts payable and accrued expenses	$51,906	$119,978

INCOME_TAXES_Details_Textual

INCOME TAXES (Details Textual) (USD $)	Dec. 31, 2012
Deferred Tax Assets, Operating Loss Carryforwards, Domestic	$538,000

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2012	Sep. 30, 2013
Convertible Notes Payable	$128,746	$0
Accounts Payable, Related Parties, Current	266,877	3,000
Consulting Fees	50,000	'
Chad M Carpenter [Member]	'	'
Convertible Notes Payable	252,176	652,176
Notes Payable	'	412,315
Majority Shareholder [Member]	'	'
Convertible Notes Payable	$52,176	$52,176

COMMITMENTS_Details_Textual

COMMITMENTS (Details Textual)	9 Months Ended
	Sep. 30, 2013
Percentage of Payment on Gross Rental Receipt	6.00%

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)	Sep. 30, 2013		Dec. 31, 2012	Sep. 30, 2012	Dec. 31, 2011
ASSETS	'		'	'	'
Cash	$10,106,114		$5,763	$224	$599
Advance to property manager	10,465		3,375	'	'
Residential homes, net of accumulated depreciation of $1,400 in 2012 and $14,000 in 2013	592,838		342,010	'	'
Total Assets	10,709,417		401,148	'	'
LIABILITIES AND STOCKHOLDERS' EQUITY	'		'	'	'
Accounts payable and accrued expenses	51,906		119,978	'	'
Accrued interest and security deposits	6,600		14,770	'	'
Related party advance	3,000		266,877	'	'
Total Liabilities	61,506		684,644	'	'
Commitments and contingencies	'		'	'	'
Stockholders' Equity	'		'	'	'
Common stock	67,861		8,350	'	'
Additional paid-in capital	12,080,555		349,513	'	'
Accumulated deficit	-1,500,505		-641,359	'	'
Total Stockholders' Equity	10,647,911		-283,496	'	'
Total Liabilities and Stockholders' Equity	10,709,417		401,148	'	'
Scenario, Adjustment [Member]	'		'	'	'
ASSETS	'		'	'	'
Cash	-11,812,000	[1]	'	'	'
Advance to property manager	2,236,750	[2]	'	'	'
Residential homes, net of accumulated depreciation of $1,400 in 2012 and $14,000 in 2013	11,812,000	[1]	'	'	'
Total Assets	2,236,750		'	'	'
LIABILITIES AND STOCKHOLDERS' EQUITY	'		'	'	'
Accounts payable and accrued expenses	0		'	'	'
Accrued interest and security deposits	0		'	'	'
Related party advance	0		'	'	'
Total Liabilities	0		'	'	'
Commitments and contingencies	'		'	'	'
Stockholders' Equity	'		'	'	'
Common stock	11,500	[2]	'	'	'
Additional paid-in capital	2,225,250	[2]	'	'	'
Accumulated deficit	0		'	'	'
Total Stockholders' Equity	2,236,750		'	'	'
Total Liabilities and Stockholders' Equity	2,236,750		'	'	'
Pro Forma [Member]	'		'	'	'
ASSETS	'		'	'	'
Cash	530,864		'	'	'
Advance to property manager	10,465		'	'	'
Residential homes, net of accumulated depreciation of $1,400 in 2012 and $14,000 in 2013	12,404,838		'	'	'
Total Assets	12,946,167		'	'	'
LIABILITIES AND STOCKHOLDERS' EQUITY	'		'	'	'
Accounts payable and accrued expenses	51,906		'	'	'
Accrued interest and security deposits	6,600		'	'	'
Related party advance	3,000		'	'	'
Total Liabilities	61,506		'	'	'
Commitments and contingencies	'		'	'	'
Stockholders' Equity	'		'	'	'
Common stock	79,361		'	'	'
Additional paid-in capital	14,305,805		'	'	'
Accumulated deficit	-1,500,505		'	'	'
Total Stockholders' Equity	12,884,661		'	'	'
Total Liabilities and Stockholders' Equity	$12,946,167		'	'	'
[1]	Purchase of 150 homes valued at approximately $11,812,000 for cash.
[2]	Sale of 11,500,000 shares of common stock, at $0.20 per share, for proceeds of $2,236,750.

SUBSEQUENT_EVENTS_Details_Text

SUBSEQUENT EVENTS (Details Textual) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013
	sqft		Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	King APEX Group II Ltd [Member]	Common Stock [Member]
			sqft	Single Family Home Portfolio Purchase [Member]	Single Family Home Portfolio Purchase [Member]	Subsequent Event [Member]	King APEX Group II Ltd [Member]
					Wholly Owned Properties [Member]		Subsequent Event [Member]
Stock Issued During Period, Shares, New Issues	'	'	'	'	'	'	11,500,000
Share Price	'	'	'	'	'	'	$0.20
Proceeds from Issuance of Private Placement	'	'	'	'	'	$2,236,750	'
Net Rentable Area	12,989	'	242,964	'	'	'	'
Real Estate Investment Property, at Cost, Total	'	'	'	11,691,832	13,400,000	'	'
Real Estate Investment Property, Net, Total	'	'	'	'	120,000	'	'
SEC Schedule III, Real Estate Accumulated Depreciation	$14,000	$1,400	'	'	'	'	'