Reven Housing REIT (RVEN) Inactive S-11/A16 Jun 17Registration of securities for real estate companies (amended)Financial data

Company Profile

Document And Entity Information

Document And Entity Information	3 Months Ended
Document And Entity Information	Mar. 31, 2017
Document Information [Line Items]
Entity Registrant Name	Reven Housing REIT, Inc.
Trading Symbol	RVEN
Entity Central Index Key	1,487,782
Entity Filer Category	Smaller Reporting Company
Document Type	S-11/A
Amendment Flag	true
Document Period End Date	Mar. 31, 2017
Amendment Description	To amend previous S-11 filed on May 5, 2017

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Investments in single-family residential properties:
Land	$ 9,238,642	$ 8,579,550	$ 6,761,350
Buildings and improvements	43,127,053	39,419,038	31,744,657
Investments in real estate, gross	52,365,695	47,998,588	38,506,007
Accumulated depreciation	(3,231,343)	(2,853,049)	(1,630,873)
Investments in single-family residential properties, net	49,134,352	45,145,539	36,875,134
Cash	9,650,333	10,044,977	2,140,298
Rent and other receivables	477,516	246,378	239,928
Escrow deposits	65,537	105,500	143,901
Lease origination costs, net	337,532	329,395	218,789
Deferred stock issuance costs	40,666	0	742,757
Other assets,net	496,064	195,020	96,318
Total Assets	60,202,000	56,066,809	40,457,125
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued liabilities	866,585	1,283,235	1,143,438
Resident security deposits	595,360	552,698	435,267
Notes payable, net	24,328,234	19,454,377	19,409,454
Total Liabilities	25,790,179	21,290,310	20,988,159
Commitments and contingencies
Stockholders' Equity
Preferred stock, $.001 par value; 25,000,000 shares authorized; No shares issued or outstanding	0	0	0
Common stock, $.001 par value; 100,000,000 shares authorized; 10,734,025 and 7,016,796 shares issued and outstanding at March 31, 2017, December 31, 2016 and 2015, respectively	10,734	10,734	7,017
Additional paid-in capital	41,677,465	41,677,465	24,601,295
Accumulated deficit	(7,276,378)	(6,911,700)	(5,139,346)
Total Stockholders' Equity	34,411,821	34,776,499	19,468,966
Total Liabilities and Stockholders' Equity	$ 60,202,000	$ 56,066,809	$ 40,457,125

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares authorized	25,000,000	25,000,000	25,000,000
Preferred stock, shares issued	0	0	0
Preferred stock, shares outstanding	0	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000	100,000,000
Common stock, shares issued	10,734,025	10,734,025	7,016,796
Common stock, shares outstanding	10,734,025	10,734,025	7,016,796

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		12 Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Revenue:
Rental income	$ 1,741,309	$ 1,378,763	$ 5,648,014	$ 4,934,201
Expenses:
Property operating and maintenance	515,560	401,236	1,684,431	1,552,051
Real estate taxes	272,082	213,162	875,641	753,994
Depreciation and amortization	441,725	325,416	1,334,555	1,162,312
General and administration	701,331	501,024	1,921,244	2,060,327
Noncash share-based compensation			425,000	113,045
Acquisition costs	0	57,864	147,099	375,780
Total expenses	1,930,698	1,498,702	6,387,970	6,017,509
Operating loss	(189,389)	(119,939)	(739,956)	(1,083,308)
Other income (expenses):
Net gain on sale of residential property	38,973	0
Other income	93,258	216	4,957	31,447
Interest expense	(307,520)	(258,157)	(1,037,355)	(744,000)
Total other income (expenses), net	(175,289)	(257,941)	(1,032,398)	(712,553)
Net loss	$ (364,678)	$ (377,880)	$ (1,772,354)	$ (1,795,861)
Net loss per share
(Basic and fully diluted)	$ (0.03)	$ (0.05)	$ (0.22)	$ (0.26)
Weighted average number of common shares outstanding	10,734,025	7,031,618	8,197,073	7,016,796

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Balances at Dec. 31, 2014	$ 21,264,827	$ 7,017	$ 24,601,295	$ (3,343,485)
Balances (in shares) at Dec. 31, 2014		7,016,796
Net loss	(1,795,861)	$ 0	0	(1,795,861)
Balances at Dec. 31, 2015	19,468,966	$ 7,017	24,601,295	(5,139,346)
Balances (in shares) at Dec. 31, 2015		7,016,796
Stock issued under share-based compensation plans	113,045	$ 22	113,023	0
Stock issued under share-based compensation plans (in shares)		22,609
Noncash share-based compensation	425,000	$ 0	425,000	0
Proceeds from issuances of shares, net of issuance costs	16,541,842	$ 3,695	16,538,147	0
Proceeds from issuances of shares, net of issuance costs (in shares)		3,694,620
Net loss	(1,772,354)	$ 0	0	(1,772,354)
Balances at Dec. 31, 2016	34,776,499	$ 10,734	$ 41,677,465	$ (6,911,700)
Balances (in shares) at Dec. 31, 2016		10,734,025
Net loss	(364,678)
Balances at Mar. 31, 2017	$ 34,411,821

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended		12 Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Cash Flows From Operating Activities:
Net loss	$ (364,678)	$ (377,880)	$ (1,772,354)	$ (1,795,861)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	441,725	325,416	1,334,555	1,162,312
Noncash share-based compensation			425,000	113,045
Amortization of deferred loan fees	32,617	30,327	121,308	96,640
Gain on disposal of real estate	(38,973)	0	0	(26,382)
Changes in operating assets and liabilities:
Rent and other receivables	(231,138)	(13,659)	(6,450)	(82,698)
Property tax and insurance reserves			0	260,123
Other assets	(301,044)	(204,212)	(98,702)	28,463
Accounts payable and accrued liabilities	(416,650)	(92,473)	252,842	312,231
Resident security deposits	42,662	15,441	117,431	129,263
Net cash used in operating activities	(835,479)	(317,040)	373,630	197,136
Cash Flows From Investing Activities:
Acquisitions of single-family residential properties	(4,297,427)	0	(8,986,000)	(8,843,168)
Capital improvements for single-family residential properties	(147,056)	(96,721)	(506,581)	(323,584)
Proceeds from disposition of single-family residential property	110,122	0	0	69,875
Lease origination costs	(65,342)	(22,292)	(222,985)	(172,690)
Escrow deposits			38,401	(47,418)
Refunds of escrow deposits	39,963	0
Net cash used in investing activities	(4,359,740)	(119,013)	(9,677,165)	(9,316,985)
Cash Flows From Financing Activities:
Proceeds from issuance of shares			18,473,100	0
Proceeds from notes payable	5,020,000	0	0	8,402,880
Payments of notes payable	(110,038)	0	(76,385)	(34,610)
Payment of loan fees	(68,721)	0	0	(244,052)
Payments of deferred stock issuance costs	(40,666)	(78,087)	(1,188,501)	(207,307)
Net cash provided by (used in) financing activities	4,800,575	(78,087)	17,208,214	7,916,911
Net Decrease In Cash	(394,644)	(514,140)	7,904,679	(1,202,938)
Cash at the Beginning of the Period	10,044,977	2,140,298	2,140,298	3,343,236
Cash at the End of the Period	9,650,333	1,626,158	10,044,977	2,140,298
Supplemental Disclosure:
Cash paid for interest	$ 251,172	$ 225,935	912,328	625,421
Noncash deferred stock issuance costs			$ 742,757	$ 0

ORGANIZATION AND OPERATION

ORGANIZATION AND OPERATION	3 Months Ended	12 Months Ended
ORGANIZATION AND OPERATION	Mar. 31, 2017	Dec. 31, 2016
Organization And Operation [Abstract]
Nature of Operations [Text Block]	NOTE 1. ORGANIZATION AND OPERATION Reven Housing REIT, Inc. is a Maryland corporation (Reven Housing REIT, Inc., which along with its wholly-owned subsidiaries, are also referred to herein collectively as the “Company”) which acquires portfolios of occupied and rented single-family residential properties throughout the United States with the objective of receiving income from rental property activity and future profits from the sale of rental property at appreciated values. As of March 31, 2017, the Company owned 681 single-family homes in the Houston, Jacksonville, Memphis and Atlanta metropolitan areas.	NOTE 1. ORGANIZATION AND OPERATION Reven Housing REIT, Inc. is a Maryland corporation (Reven Housing REIT, Inc., which along with its wholly-owned subsidiaries, are also referred to herein collectively as the “Company”) which acquires portfolios of occupied and rented single-family residential properties throughout the United States with the objective of receiving income from rental property activity and future profits from the sale of rental property at appreciated values. As of December 31, 2016, the Company owned 624 single-family homes in the Houston, Jacksonville, Memphis and Atlanta metropolitan areas.

BASIS OF PRESENTATION AND SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended	12 Months Ended
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	Mar. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	NOTE 2. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES The accompanying consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”), as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”), and the rules and regulations of the Securities Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with 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 elsewhere in this prospectus. The results of operations for the period ended March 31, 2017 are not necessarily indicative of the operating results for the full year. The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Reven Housing REIT OP, L.P., Reven Housing GP, LLC, Reven Housing REIT TRS, LLC, Reven Housing Georgia, LLC, Reven Housing Texas, LLC, Reven Housing Texas 2, LLC, Reven Housing Florida, LLC, Reven Housing Florida 2, LLC, and Reven Housing Tennessee, LLC. All significant intercompany accounts and transactions have been eliminated in consolidation. The preparation of the consolidated financial statements in accordance 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 dates and reported amounts of revenues and expenses for the periods presented. Accordingly, actual results could differ from those estimates. The carrying value of the Company’s financial instruments, as reported in the accompanying consolidated balance sheets, approximates fair value due to their short term nature. The Company’s short term financial instruments consist of cash, rents and other receivables, escrow deposits, accounts payable and accrued liabilities, and resident security deposits. The carrying value of the Company’s notes payable, as reported in the accompanying consolidated balance sheets, approximates fair value due to the fact that their interest rate, security, and payment terms are similar to other debt instruments currently being issued. Prior to January 1, 2017, the Company accounted for its investments in single-family residential properties as business combinations under the guidance of ASC Topic 805, Business Combinations In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business Building improvements and buildings are depreciated over estimated useful lives of approximately 10 to 27.5 years, respectively, using the straight-line method. Lease origination costs are amortized over the average remaining term of the in-place leases which is generally less than one year. Maintenance and repair costs are charged to expenses as incurred. The Company assesses its investments in single-family residential properties for impairment whenever events or changes in business circumstances indicate that carrying amounts of the assets may not be fully recoverable. When such events occur, management determines whether there has been impairment by comparing the asset’s carrying value with its fair value. Should impairment exist, the asset is written down to its estimated fair value. The Company did not recognize any impairment losses for the three months ended March 31, 2017 and 2016. The Company maintains its cash at quality financial institutions. The combined account balances at one or more institutions typically exceed the federal insurance coverage and thus there is a concentration of credit risk related to amounts on deposit in excess of available federal insurance coverage. The Company believes that the risk is not significant, as the Company does not anticipate the financial institutions’ non-performance. Rents and other receivables represent the amount of rent receivables, security deposits and net rental funds which are held by the property managers on behalf of the Company, net of any allowance for amounts deemed uncollectible. The Company has not recognized any allowance for doubtful accounts as of March 31, 2017 and December 31, 2016. Escrow deposits include refundable and non-refundable cash and earnest money on deposit with third parties for future property purchases. As of March 31, 2017, the Company had offers accepted to purchase single-family residential properties for an aggregate amount of approximately $5,886,000 and had corresponding refundable earnest deposits for these purchases of $65,537. However, not all of these properties are certain to be acquired because properties may fall out of escrow through the closing process for various reasons. Costs incurred in the placement of the Company’s debt are deferred and amortized using the effective interest method over the term of the loans as a component of interest expense on the consolidated statements of operations, and presented as an offset to notes payable on the consolidated balance s Deferred stock issuance costs represent amounts paid for legal, consulting, and other offering expenses in conjunction with the future raising of additional capital to be completed within one year. These costs are netted against additional paid-in capital as a cost of the stock issuance upon closing of the respective stock placement Resident security deposits represent amounts deposited by tenants at the inception of the lease. As of March 31, 2017 and December 31, 2016, the Company had $595,360 and $552,698, respectively, in resident security deposits. Security deposits are refundable, net of any outstanding charges and fees, upon expiration of the underlying lease Residential properties are leased to tenants under short term rental agreements of generally one year and revenue is recognized over the lease term on a straight-line basis The Company has reclassified certain prior period amounts to conform to the current period’s presentation. The Company has elected to be taxed as a real estate investment trust (“REIT”), as defined in the Internal Revenue Code. Accordingly, the Company does not expect to be subject to federal income tax, provided that it continues to qualify as a REIT and distributions to the stockholders equal or exceed REIT taxable income. Qualification and taxation as a REIT depends upon the Company’s ability to meet the various qualification tests imposed under the Internal Revenue Code related to the percentage of income that are earned from specified sources, the percentage of assets that fall within specified categories, the diversity of capital stock ownership, and the percentage of earnings that are distributed. Accordingly, no assurance can be given that the Company will be organized or be able to operate in a manner to qualify or remain qualified as a REIT. If the Company fails to qualify as a REIT in any taxable year, it will be subject to federal and state income tax (including any applicable alternative minimum tax) on its taxable income at regular corporate tax rates, and the Company may be ineligible to qualify as a REIT for four subsequent tax years. Even if the Company qualifies as a REIT, it may be subject to certain state or local income taxes During 2012, the Company established the 2012 Incentive Compensation Plan, which was subsequently amended and restated in December 2013 (“2012 Plan”). The 2012 Plan allows for the grant of options and other awards representing up to 1,650,000 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. A total of 496,359 shares have been issued under the 2012 plan as of March 31, 2017. 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 earnings or decrease loss per share. For the three months ended March 31, 2017 and 2016, potentially dilutive securities excluded from the calculations were 263,588 shares issuable upon exercise of outstanding warrants granted in prior years. In February 2016, the FASB issued ASU 2016-02, Leases In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows, Classification of Certain Cash Receipts and Cash Payments In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows, Restricted Cash within that reporting period. The Company is currently evaluating the impact the adoption of this ASU will have on its consolidated financial statements.	NOTE 2. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES The accompanying consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”), as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”), and the rules and regulations of the Securities Exchange Commission (“SEC”). The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Reven Housing REIT OP, L.P., Reven Housing GP, LLC, Reven Housing REIT TRS, LLC, Reven Housing Georgia, LLC, Reven Housing Texas, LLC, Reven Housing Texas 2, LLC, Reven Housing Florida, LLC, Reven Housing Florida 2, LLC, and Reven Housing Tennessee, LLC. All significant intercompany accounts and transactions have been eliminated in consolidation. The preparation of the consolidated financial statements in accordance 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 dates and reported amounts of revenues and expenses for the periods presented. Accordingly, actual results could differ from those estimates. The carrying value of the Company’s financial instruments, as reported in the accompanying consolidated balance sheets, approximates fair value due to their short term nature. The Company’s short term financial instruments consist of cash, rents and other receivables, escrow deposits, accounts payable and accrued liabilities, and resident security deposits. The carrying value of the Company’s notes payable, as reported in the accompanying consolidated balance sheets, approximates fair value due to their floating market interest rate and due to the fact that their security and payment terms are similar to other debt instruments currently being issued. The Company accounts for its investments in single-family residential properties as business combinations under the guidance of ASC Topic 805, Business Combinations Building improvements and buildings are depreciated over estimated useful lives of approximately 10 to 27.5 years, respectively, using the straight-line method. Lease origination costs are amortized over the average remaining term of the in-place leases which is generally less than one year. Maintenance and repair costs are charged to expenses as incurred. The Company assesses its investments in single-family residential properties for impairment whenever events or changes in business circumstances indicate that carrying amounts of the assets may not be fully recoverable. When such events occur, management determines whether there has been impairment by comparing the asset’s carrying value with its fair value. Should impairment exist, the asset is written down to its estimated fair value. The Company did not recognize any impairment losses for the years ended December 31, 2016 and 2015. The Company maintains its cash at quality financial institutions. The combined account balances at one or more institutions typically exceed the federal insurance coverage and thus there is a concentration of credit risk related to amounts on deposit in excess of available federal insurance coverage. The Company believes that the risk is not significant, as the Company does not anticipate the financial institutions’ non-performance. Rents and other receivables represent the amount of rent receivables, security deposits and net rental funds which are held by the property managers on behalf of the Company, net of any allowance for amounts deemed uncollectible. The Company has not recognized any allowance for doubtful accounts as of December 31, 2016 and 2015. Escrow deposits include refundable and non-refundable cash and earnest money on deposit with third parties for future property purchases. As of December 31, 2016, the Company had offers accepted to purchase single-family residential properties for an aggregate amount of $9,047,700 and had corresponding refundable earnest deposits for these purchases of $105,500. However, not all of these properties are certain to be acquired because properties may fall out of escrow through the closing process for various reasons and these purchases are contingent on the Company’s ability to secure the debt or equity financing required to fund the acquisition. Costs incurred in the placement of the Company’s debt are deferred and amortized using the effective interest method over the term of the loans as a component of interest expense on the consolidated statements of operations. Deferred stock issuance costs represent amounts paid for legal, consulting, and other offering expenses in conjunction with the future raising of additional capital to be completed within one year. These costs are netted against additional paid-in capital as a cost of the stock issuance upon closing of the respective stock placement. During the year ended December 31, 2016, the Company included $1,931,258 of deferred stock issuance costs in its statement of stockholders’ equity in connection with its issuance of shares. Security deposits represent amounts deposited by tenants at the inception of the lease. As of December 31, 2016 and 2015, the Company had $552,698 and $435,267, respectively, in resident security deposits. Security deposits are refundable, net of any outstanding charges and fees, upon expiration of the underlying lease. Residential properties are leased to tenants under short term rental agreements of generally one year and revenue is recognized over the lease term on a straight-line basis. The Company has reclassified certain amounts for the fiscal year ended December 31, 2015 to conform to the current year’s presentation. The Company intends to elect to be taxed as a real estate investment trust (“REIT”), as defined in the Internal Revenue Code, commencing with the taxable year ended December 31, 2016. Accordingly, the Company does not expect to be subject to federal income tax, provided that it qualifies as a REIT and distributions to the stockholders equal or exceed REIT taxable income. During the year ended December 31, 2015, the Company did not elect to be taxes as a REIT, but due to significant operating losses and net operating loss carry-forwards, the Company was not subject to federal income tax. Qualification and taxation as a REIT depends upon the Company’s ability to meet the various qualification tests imposed under the Internal Revenue Code related to the percentage of income that are earned from specified sources, the percentage of assets that fall within specified categories, the diversity of capital stock ownership, and the percentage of earnings that are distributed. Accordingly, no assurance can be given that the Company will be organized or be able to operate in a manner to qualify or remain qualified as a REIT. If the Company fails to qualify as a REIT in any taxable year, it will be subject to federal and state income tax (including any applicable alternative minimum tax) on its taxable income at regular corporate tax rates, and the Company may be ineligible to qualify as a REIT for four subsequent tax years. Even if the Company qualifies as a REIT, it may be subject to certain state or local income taxes. During 2012, the Company established the 2012 Incentive Compensation Plan, which was subsequently amended and restated in December 2013 (“2012 Plan”). The 2012 Plan allows for the grant of options and other awards representing up to 1,650,000 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. A total of 496,359 shares have been issued under the 2012 plan as of December 31, 2016. During the years ended December 31, 2016 and 2015, the Company recognized $425,000 and $113,045, respectively, of compensation expense under the 2012 Plan. 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 earnings or decrease loss per share. For the years ended December 31, 2016 and 2015, potentially dilutive securities excluded from the calculations were 263,588 shares issuable upon exercise of outstanding warrants granted in prior years. The Company has determined that it has one reportable segment with activities related to leasing and operating single-family homes as rental properties. The Company’s properties are geographically dispersed and management evaluates operating performance at the market level and while each market and its properties are unique, the aggregate market portfolios have similar economic interests and operating performance. Metropolitan Area 2016 2015 Houston, TX 42 % 32 % Jacksonville, FL 41 % 49 % Memphis, TN 15 % 18 % In February 2016, the FASB issued ASU 2016-02, Leases In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows, Classification of Certain Cash Receipts and Cash Payments In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows, Restricted Cash In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business

INVESTMENTS IN SINGLE-FAMILY RE

INVESTMENTS IN SINGLE-FAMILY RESIDENTIAL PROPERTIES	3 Months Ended	12 Months Ended
INVESTMENTS IN SINGLE-FAMILY RESIDENTIAL PROPERTIES	Mar. 31, 2017	Dec. 31, 2016
Residential Homes [Abstract]
Residential Homes [Text Block]	NOTE 3. INVESTMENTS IN SINGLE-FAMILY RESIDENTIAL PROPERTIES The following table summarizes the Company’s investments in single-family residential properties. The homes are generally leased to individual tenants under leases with terms of one year or less. Number Land Buildings and Investments in Total at December 31, 2016 624 $ 8,579,550 $ 39,419,038 $ 47,998,588 Purchases, improvements, sales during 2017: Houston, TX 47,036 47,036 Jacksonville, FL 62,006 62,006 Jacksonville, FL (sale) (1 ) (10,908 ) (66,468 ) (77,376 ) Memphis, TN 20 400,000 1,243,814 1,643,814 Atlanta, GA 38 270,000 2,421,627 2,691,627 Total at March 31, 2017 681 $ 9,238,642 $ 43,127,053 $ 52,365,695	NOTE 3. INVESTMENTS IN SINGLE-FAMILY RESIDENTIAL PROPERTIES The following table summarizes the Company’s investments in single-family residential properties. The homes are generally leased to individual tenants under leases with terms of one year or less. Number of Land Buildings and Investments Accumulated Investments in Total at January 1, 2015 395 $ 5,422,647 $ 23,961,608 $ 29,384,255 $ (592,114 ) $ 28,792,141 Purchases, improvements, disposition during 2015: Houston, TX 34,938 34,938 (380,630 ) (345,692 ) Jacksonville, FL 133 1,345,453 7,723,661 9,069,114 (415,172 ) 8,653,942 Memphis, TN 60,550 60,550 (226,188 ) (165,638 ) Memphis, TN (disposition) (1 ) (6,750 ) (38,250 ) (45,000 ) 1,507 (43,493 ) Atlanta, GA 2,150 2,150 (18,276 ) (16,126 ) Total at December 31, 2015 527 $ 6,761,350 $ 31,744,657 $ 38,506,007 $ (1,630,873 ) $ 36,875,134 Purchases and improvements during 2016: Houston, TX 97 1,818,200 7,240,899 9,059,099 (408,425 ) 8,650,674 Jacksonville, FL 261,453 261,453 (557,805 ) (296,352 ) Memphis, TN 125,895 125,895 (234,308 ) (108,413 ) Atlanta, GA 46,134 46,134 (21,638 ) 24,496 Total at December 31, 2016 624 $ 8,579,500 $ 39,419,038 $ 47,998,588 $ (2,853,049 ) $ 45,145,539 For the year ended December 31, 2016, the Company included $109,088 of rental income, $43,070 of property operating, maintenance and real estate taxes, $147,099 of acquisition costs, $21,721 of depreciation, and net loss of $102,802 in its consolidated statements of operations related to the Company’s acquisitions of additional properties during 2016. For the year ended December 31, 2015, the Company included $698,976 of rental income, $366,809 of property operating, maintenance and real estate taxes, $375,780 of acquisition costs, $118,180 of depreciation, and net loss of $161,793 in its consolidated statements of operations related to the Company’s acquisitions of additional properties during 2015. Unaudited Pro Forma Financial Information The following table summarizes, on an unaudited pro forma basis, the combined results of operations of the Company for the years ended December 31, 2016 and 2015 prepared as if all of the Company’s acquisitions of properties in 2016 and 2015 had occurred on January 1, 2015. This pro forma information does not purport to represent what the actual results of operations of the Company would have been had these acquisitions occurred on this date, nor does it purport to predict the results of operations for future periods. For the Year Ended 2016 2015 Rental income $ 6,745,713 $ 6,579,828 Property operating, maintenance and real estate taxes $ 3,099,440 $ 3,053,996 Depreciation and amortization $ 1,626,395 $ 1,567,162 Net loss $ (1,424,863 ) $ (1,638,482 ) Net loss per share, basic and fully diluted $ (0.17 ) $ (0.23 ) Weighted average number of common shares outstanding, basic and fully diluted 8,197,073 7,016,796 The unaudited pro forma information for the years ended December 31, 2016 and 2015 has been adjusted to include all acquisition fees and expenses related to the acquisitions as being recorded on January 1, 2015 and additionally to include the additional interest expense relating to the Company’s 2015 borrowings.

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	3 Months Ended	12 Months Ended
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	Mar. 31, 2017	Dec. 31, 2016
Accounts Payable and Accrued Liabilities [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 4. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES At March 31, 2017 and December 31, 2016, accounts payable and accrued liabilities consisted of the following: 2017 2016 Accounts payable $ 100,234 $ 248,456 Real estate taxes payable 286,560 667,811 Accrued compensation, board fees and other 389,592 300,500 Interest payable 90,199 66,468 $ 866,585 $ 1,283,235	NOTE 4. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES At December 31, 2016 and 2015, accounts payable and accrued liabilities consisted of the following: 2016 2015 Accounts payable $ 248,456 $ 321,815 Real estate taxes payable 667,811 415,124 Accrued compensation, board fees and other 300,500 343,750 Interest payable 66,468 62,749 $ 1,283,235 $ 1,143,438

NOTES PAYABLE

NOTES PAYABLE	3 Months Ended	12 Months Ended
NOTES PAYABLE	Mar. 31, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 5. NOTES PAYABLE On January 31, 2017, Reven Housing Texas 2, LLC, a wholly-owned subsidiary of the Company, received loan proceeds and issued a promissory note in the principal amount of $5,020,000 to a regional bank secured by 97 of the Company’s homes located in Texas. Principal and accrued interest are payable in sixty consecutive monthly installments of $31,759 on the first day of the month until January 31, 2022 when the entire amount of principal and interest remaining unpaid will be payable. Interest accrues and is payable monthly on the loan at the rate equal to four and one-half percent (4.50%) per annum until maturity. As of March 31, 2017, the other four notes mentioned below were payable to another regional bank and incurred interest at a rate of 1.00% over the prime rate (interest rate was 5.00% per annum at March 31, 2017), and are secured by deeds of trust encumbering homes in each specified area. On April 4, 2017, the Company entered into loan modification agreements with the lender where the interest rate on all four loans has been reduced to a fixed rate of 4.5% per annum and principal and interest payments will be made monthly based on a 25 year amortization period with the remaining unpaid principal on all four loans due on April 5, 2020. The loans have a prepayment penalty of 2% during the first year and 1% during the following year on amounts paid in excess of the scheduled amortization. A summary of the Company’s notes payable as of March 31, 2017 and December 31, 2016 is as follows: 2017 2016 Note Reven Housing Texas, LLC $ 7,460,535 $ 7,502,504 Reven Housing Texas 2, LLC 5,006,439 Reven Housing Tennessee, LLC 3,887,321 3,908,829 Reven Housing Florida, LLC 3,493,794 3,526,794 Reven Housing Florida 2, LLC 4,875,898 4,875,898 24,723,987 19,814,025 Less deferred loan fees, net (395,753 ) (359,648 ) Notes payable, net $ 24,328,234 $ 19,454,377 Costs incurred in the placement of the Company’s debt are deferred and amortized using the effective interest method over the term of the loans as a component of interest expense on the consolidated statements of operations. The amount of unamortized fees are deducted from the remaining principal amount owed on the corresponding notes payable. Unamortized deferred loan costs and fees totaled $395,753 and $359,648 as of March 31, 2017 and December 31, 2016, respectively. During the three months ended March 31, 2017 and 2016, the Company incurred $307,520 and $258,157, respectively, of interest expense related to the notes payable, which includes $32,617 and $30,327, respectively, of amortization of deferred loan fees.	NOTE 5. NOTES PAYABLE A summary of the Company’s notes payable as of December 31, 2016 and December 31, 2015 is as follows: 2016 2015 Note Reven Housing Texas, LLC $ 7,502,504 $ 7,570,000 Reven Housing Tennessee, LLC 3,908,829 3,917,530 Reven Housing Florida, LLC 3,526,794 3,526,985 Reven Housing Florida 2, LLC 4,875,898 4,875,895 19,814,025 19,890,410 Less deferred loan fees, net (359,648 ) (480,956 ) Notes payable, net $ 19,454,377 $ 19,409,454 As of December 31, 2016, the notes above incur interest at a rate of 1.00% over the prime rate (interest rate is 4.75% per annum at December 31, 2016), and are secured by deeds of trust encumbering substantially all of the Company’s homes in each specified area. Costs incurred in the placement of the Company’s debt are deferred and amortized using the effective interest method over the term of the loans as a component of interest expense on the consolidated statements of operations. The amount of unamortized fees are deducted from the remaining principal amount owed on the corresponding notes payable. Unamortized deferred loan costs and fees totaled $359,648 and $480,956 as of December 31, 2016 and 2015, respectively. During the years ended December 31, 2016 and 2015, the Company incurred $1,037,355 and $744,000, respectively, of interest expense related to the notes payable, which includes $121,308 and $96,640, respectively, of amortization of deferred loan fees. The following is a schedule of maturities, including principal amortization payments, for all notes payable outstanding as of December 31, 2016: 2017 $ 321,521 2018 442,776 2019 11,095,495 2020 7,954,233 $ 19,814,025

STOCKHOLDERS_ EQUITY AND STOCK

STOCKHOLDERS’ EQUITY AND STOCK COMPENSATION	3 Months Ended	12 Months Ended
STOCKHOLDERS’ EQUITY AND STOCK COMPENSATION	Mar. 31, 2017	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 6. STOCKHOLDERS’ EQUITY AND STOCK COMPENSATION On October 16, 2014, the Company issued 425,000 shares of the Company’s common stock under the 2012 Plan to certain officers and consultants of the Company. The shares issued are subject to restrictions and future vesting conditions based on the Company reaching certain future milestones. During the year ended December 31, 2016, 106,250 of these shares became vested upon the achievement of certain milestones related to our public offering of common stock mentioned above. None of the remaining 318,750 shares were vested as of the issuance date. Compensation expense will be recognized in the applicable future periods on these unvested shares should the applicable milestones be achieved in accordance with the vesting schedule. There is no assurance that these milestones will in fact be achieved and that the shares will in fact vest in the future. The Company has outstanding warrants that allow holders to purchase up to 263,588 shares at an exercise price of $4.00 per share. The warrants will expire on September 27, 2018, if not exercised prior to that date.	NOTE 6. STOCKHOLDERS’ EQUITY AND STOCK COMPENSATION On February 1, 2016, the Company issued an aggregate of 22,609 shares of the Company’s common stock under the 2012 Plan to certain officers and consultants of the Company. The shares were valued at a per share price of $5.00 per share consistent with the price of the Company’s current registered stock offering and were utilized as payment for a portion of the officers and consultants outstanding bonus compensation for the year ended December 31, 2015 of $113,045. The Company filed a registration statement on Form S-11 with the Security Exchange Commission (“SEC”) for the offer of a minimum of 3,000,000 shares and a maximum of 5,000,000 shares of common stock for sale to the public at an offering price of $5.00 per share. The SEC declared the Company’s registration statement effective on May 10, 2016. Under the terms of the offering, the Company issued 3,694,620 shares of stock and received $18,473,100 in gross offering proceeds through December 31, 2016 when the offering was terminated. Offering costs totaled $1,931,258 and have been offset against additional paid-in capital as a cost of the stock issuance. On October 16, 2014, the Company issued 425,000 shares of the Company’s common stock under the 2012 Plan to certain officers and consultants of the Company. The shares issued are subject to restrictions and future vesting conditions based on the Company reaching certain future milestones. During the year ended December 31, 2016, 106,250 of these shares became vested upon the achievement of certain milestones related to our public offering of common stock mentioned above. Accordingly, $425,000 of noncash share-based compensation expense was then recognized based on the value of the shares on the date of grant. None of the remaining 318,750 shares were vested as of the issuance date. Compensation expense will be recognized in the applicable future periods on these unvested shares should the applicable milestones be achieved in accordance with the vesting schedule. There is no assurance that these milestones will in fact be achieved and that the shares will in fact vest in the future. The Company has outstanding warrants that allow holders to purchase up to 263,588 shares at an exercise price of $4.00 per share. The warrants will expire on September 27, 2018, if not exercised prior to that date.

INCOME TAXES

INCOME TAXES	3 Months Ended	12 Months Ended
INCOME TAXES	Mar. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 7. INCOME TAXES The Company has elected REIT status effective for the year ended December 31, 2016. The Company is generally not subject to income taxes assuming it complies with the specific distribution rules applicable to REITs.	NOTE 7. INCOME TAXES The Company intends to elect REIT status effective for the year ended December 31, 2016. The Company would then generally not be subject to income taxes assuming it complied with the specific distribution rules applicable to REITs. The Company has also incurred current and prior year net operating losses; thus is not expecting to incur current income tax expenses, and due to its election of REIT status commencing in 2016, is not expected to realize any future tax benefits from the current years; or prior years’ operating losses. 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, that 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, 2016 and 2015. At December 31, 2015 the Company had federal and state net operating loss carry-forwards of approximately $2,600,000. The federal and state tax loss carry-forwards will begin to expire in 2032, unless previously utilized. Pursuant to Internal Revenue Code Section 382, use of the Company’s net operating loss carry-forwards may be limited if a cumulative change in ownership of more than 50% occurs within a three-year period. Management believes that such an ownership change had occurred but has not yet performed a study of the limitations on the net operating losses.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended	12 Months Ended
RELATED PARTY TRANSACTIONS	Mar. 31, 2017	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 8. RELATED PARTY TRANSACTIONS The Company sub-leased office space on a month-to-month basis from Reven Capital, LLC, which is wholly-owned by Chad M. Carpenter, a shareholder of the Company and its Chief Executive Officer, through January 31, 2016. This arrangement was terminated upon the Company relocating its office space and signing a new lease agreement with an unrelated party. Rental payments under this sub-lease totaled $3,000 for the three months ended March 31, 2016. Reven Capital, LLC currently subleases office space from the Company on a month to month basis for a monthly rental of $500. The Company received income from Reven Capital of $1,500 and $1,000 for the three months ending March 31, 2017 and 2016, respectively.	NOTE 8. RELATED PARTY TRANSACTIONS The Company sub-leased office space on a month-to-month basis from Reven Capital, LLC, which is wholly-owned by Chad M. Carpenter, a shareholder of the Company and its Chief Executive Officer, through January 31, 2016. This arrangement was terminated upon the Company relocating its office space and signing a new lease agreement with an unrelated party. Rental payments under this sub-lease totaled $3,000 and $36,000 for the years ended December 31, 2016 and 2015, respectively. Reven Capital, LLC currently subleases office space from the Company on a month to month basis for a monthly rental of $500. During the year-ending December 31, 2016, the Company recorded and received income from Reven Capital of $5,500.

RENTAL INCOME

RENTAL INCOME	12 Months Ended
RENTAL INCOME	Dec. 31, 2016
Lease Income [Abstract]
Lease Income [Text Block]	NOTE 9. RENTAL INCOME The Company generally rents single family homes to individuals under non-cancelable lease agreements with a term of one year. Future minimum rental revenues under existing leases on properties as of December 31, 2016 are expected to be as follows: 2017 $ 2,804,126 2018 1,103,683 2019 31,025 $ 3,938,834

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Mar. 31, 2017	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 9. COMMITMENTS AND CONTINGENCIES Legal and Regulatory The Company is subject to potential liability under laws and government regulations and various claims and legal actions arising in the ordinary course of the Company’s business. Liabilities are established for legal claims when payments associated with the claims become probable and the costs can be reasonably estimated. The actual costs of resolving legal claims may be substantially higher or lower than the amounts established for those claims. Based on information currently available, management is not aware of any legal or regulatory claims that would have a material effect on the Company’s consolidated financial statements and, therefore, no accrual has been recorded as of the three months ended March 31, 2017 and 2016.	NOTE 10. COMMITMENTS AND CONTINGENCIES Legal and Regulatory The Company is subject to potential liability under laws and government regulations and various claims and legal actions arising in the ordinary course of the Company’s business. Liabilities are established for legal claims when payments associated with the claims become probable and the costs can be reasonably estimated. The actual costs of resolving legal claims may be substantially higher or lower than the amounts established for those claims. Based on information currently available, management is not aware of any legal or regulatory claims that would have a material effect on the Company’s consolidated financial statements and, therefore, no accrual has been recorded as of the years ended December 31, 2016 and 2015. Operating Lease On December 21, 2015, the Company entered into a new office lease agreement. The lease term is 64 months and commenced on February 1, 2016 when the Company relocated to the new space. In addition to monthly rent and utility payments, the Company will also pay its proportionate share of all common area maintenance and taxes above certain 2016 base costs. The lease is subject to annual rent payment escalation clauses. During the year ended December 31, 2016, the Company recorded $57,600 for rental expenses relating to this lease, which is included in general and administration expenses on the accompanying consolidated statement of operations. A schedule of future minimum lease payments under the operating lease for the following years is as follows: 2017 $ 65,728 2018 81,279 2019 83,717 2020 86,229 2021 36,881 $ 353,834

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended	12 Months Ended
SUBSEQUENT EVENTS	Mar. 31, 2017	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 10. SUBSEQUENT EVENTS Recent Real Estate Investment Acquisition On April 19, 2017, a wholly owned subsidiary of the Company purchased a portfolio of 68 single-family homes, located in the Birmingham, Alabama metropolitan area for approximately $5,320,000 including closing and acquisition costs. On April 24, 2017, a wholly owned subsidiary of the Company purchased 4 single-family homes located in the Memphis, Tennessee metropolitan area for approximately $300,000 including closing and acquisition costs.	NOTE 11. SUBSEQUENT EVENTS Note Payable On January 31, 2017, Reven Housing Texas 2, LLC, a wholly owned subsidiary of the Company, received loan proceeds and issued a promissory note in the principal amount of $5,020,000 to a bank, secured by deeds of trust encumbering certain of the Company’s homes located in Houston. The entire balance of principal and accrued interest is due and payable on January 31, 2022. The note provides for monthly principal and interest payments of $31,759 at a fixed rate of 4.5% per annum. Proceeds of the note payable will be utilized primarily for future single-family home acquisitions. Recent Real Estate Investment Acquisition On March 15, 2017, a wholly owned subsidiary of the Company purchased a portfolio of 38 single-family homes, located in the Atlanta, Georgia metropolitan area for approximately $2,663,000 not including closing and acquisition costs. Purchase and Sale Agreement On February 16, 2017, a wholly owned subsidiary of the Company entered into a purchase and sale agreement to purchase a portfolio of 27 single-family homes, located in the Memphis, Tennessee metropolitan area for approximately $2,140,000. However, it is not yet known if any of these properties are certain to be acquired because properties may fall out of escrow through the closing process for various reasons.

BASIS OF PRESENTATION AND SIG18

BASIS OF PRESENTATION AND SIG19

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]	The Company holds concentrations of single-family residential properties in the following metropolitan areas in excess of 10% of our total portfolio as of December 31, 2016 and 2015, and as such the Company is more vulnerable to any adverse macroeconomic developments in such areas: Metropolitan Area 2016 2015 Houston, TX 42 % 32 % Jacksonville, FL 41 % 49 % Memphis, TN 15 % 18 %

INVESTMENTS IN SINGLE-FAMILY 20

INVESTMENTS IN SINGLE-FAMILY RESIDENTIAL PROPERTIES (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Residential Homes [Abstract]
Schedule of Real Estate Properties [Table Text Block]	The following table summarizes the Company’s investments in single-family residential properties. The homes are generally leased to individual tenants under leases with terms of one year or less. Number Land Buildings and Investments in Total at December 31, 2016 624 $ 8,579,550 $ 39,419,038 $ 47,998,588 Purchases, improvements, sales during 2017: Houston, TX 47,036 47,036 Jacksonville, FL 62,006 62,006 Jacksonville, FL (sale) (1 ) (10,908 ) (66,468 ) (77,376 ) Memphis, TN 20 400,000 1,243,814 1,643,814 Atlanta, GA 38 270,000 2,421,627 2,691,627 Total at March 31, 2017 681 $ 9,238,642 $ 43,127,053 $ 52,365,695	The following table summarizes the Company’s investments in single-family residential properties. The homes are generally leased to individual tenants under leases with terms of one year or less. Number of Land Buildings and Investments Accumulated Investments in Total at January 1, 2015 395 $ 5,422,647 $ 23,961,608 $ 29,384,255 $ (592,114 ) $ 28,792,141 Purchases, improvements, disposition during 2015: Houston, TX 34,938 34,938 (380,630 ) (345,692 ) Jacksonville, FL 133 1,345,453 7,723,661 9,069,114 (415,172 ) 8,653,942 Memphis, TN 60,550 60,550 (226,188 ) (165,638 ) Memphis, TN (disposition) (1 ) (6,750 ) (38,250 ) (45,000 ) 1,507 (43,493 ) Atlanta, GA 2,150 2,150 (18,276 ) (16,126 ) Total at December 31, 2015 527 $ 6,761,350 $ 31,744,657 $ 38,506,007 $ (1,630,873 ) $ 36,875,134 Purchases and improvements during 2016: Houston, TX 97 1,818,200 7,240,899 9,059,099 (408,425 ) 8,650,674 Jacksonville, FL 261,453 261,453 (557,805 ) (296,352 ) Memphis, TN 125,895 125,895 (234,308 ) (108,413 ) Atlanta, GA 46,134 46,134 (21,638 ) 24,496 Total at December 31, 2016 624 $ 8,579,500 $ 39,419,038 $ 47,998,588 $ (2,853,049 ) $ 45,145,539
Schedule Of Proforma Statement Of Operations Related To Real Estate Investment [Table Text Block]		This pro forma information does not purport to represent what the actual results of operations of the Company would have been had these acquisitions occurred on this date, nor does it purport to predict the results of operations for future periods. For the Year Ended 2016 2015 Rental income $ 6,745,713 $ 6,579,828 Property operating, maintenance and real estate taxes $ 3,099,440 $ 3,053,996 Depreciation and amortization $ 1,626,395 $ 1,567,162 Net loss $ (1,424,863 ) $ (1,638,482 ) Net loss per share, basic and fully diluted $ (0.17 ) $ (0.23 ) Weighted average number of common shares outstanding, basic and fully diluted 8,197,073 7,016,796

ACCOUNTS PAYABLE AND ACCRUED 21

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)	3 Months Ended	12 Months Ended
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)	Mar. 31, 2017	Dec. 31, 2016
Accounts Payable and Accrued Liabilities [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	At March 31, 2017 and December 31, 2016, accounts payable and accrued liabilities consisted of the following: 2017 2016 Accounts payable $ 100,234 $ 248,456 Real estate taxes payable 286,560 667,811 Accrued compensation, board fees and other 389,592 300,500 Interest payable 90,199 66,468 $ 866,585 $ 1,283,235	At December 31, 2016 and 2015, accounts payable and accrued liabilities consisted of the following: 2016 2015 Accounts payable $ 248,456 $ 321,815 Real estate taxes payable 667,811 415,124 Accrued compensation, board fees and other 300,500 343,750 Interest payable 66,468 62,749 $ 1,283,235 $ 1,143,438

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	3 Months Ended	12 Months Ended
NOTES PAYABLE (Tables)	Mar. 31, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	A summary of the Company’s notes payable as of March 31, 2017 and December 31, 2016 is as follows: 2017 2016 Note Reven Housing Texas, LLC $ 7,460,535 $ 7,502,504 Reven Housing Texas 2, LLC 5,006,439 Reven Housing Tennessee, LLC 3,887,321 3,908,829 Reven Housing Florida, LLC 3,493,794 3,526,794 Reven Housing Florida 2, LLC 4,875,898 4,875,898 24,723,987 19,814,025 Less deferred loan fees, net (395,753 ) (359,648 ) Notes payable, net $ 24,328,234 $ 19,454,377	A summary of the Company’s notes payable as of December 31, 2016 and December 31, 2015 is as follows: 2016 2015 Note Reven Housing Texas, LLC $ 7,502,504 $ 7,570,000 Reven Housing Tennessee, LLC 3,908,829 3,917,530 Reven Housing Florida, LLC 3,526,794 3,526,985 Reven Housing Florida 2, LLC 4,875,898 4,875,895 19,814,025 19,890,410 Less deferred loan fees, net (359,648 ) (480,956 ) Notes payable, net $ 19,454,377 $ 19,409,454
Schedule of Long-term Debt Instruments [Table Text Block]		The following is a schedule of maturities, including principal amortization payments, for all notes payable outstanding as of December 31, 2016: 2017 $ 321,521 2018 442,776 2019 11,095,495 2020 7,954,233 $ 19,814,025

RENTAL INCOME (Tables)

RENTAL INCOME (Tables)	12 Months Ended
RENTAL INCOME (Tables)	Dec. 31, 2016
Lease Income [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Future minimum rental revenues under existing leases on properties as of December 31, 2016 are expected to be as follows: 2017 $ 2,804,126 2018 1,103,683 2019 31,025 $ 3,938,834

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Operating Leases of Lessee Disclosure [Table Text Block]	A schedule of future minimum lease payments under the operating lease for the following years is as follows: 2017 $ 65,728 2018 81,279 2019 83,717 2020 86,229 2021 36,881 $ 353,834

BASIS OF PRESENTATION AND SIG25

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details) - Assets, Total [Member]	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Houston, TX [Member]
Concentration Risk, Percentage	42.00%	32.00%
Jacksonville, FL [Member]
Concentration Risk, Percentage	41.00%	49.00%
Memphis, TN [Member]
Concentration Risk, Percentage	15.00%	18.00%

BASIS OF PRESENTATION AND SIG26

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2012
Accounting Policies [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	263,588	263,588
Deferred Offering Costs	$ 40,666		$ 0	$ 742,757
Security Deposit	595,360		552,698	435,267
Earnest Money Deposits	65,537		105,500
Offers Accepted to Purchase Residential Properties, Aggregate Amount	$ 5,886,000		9,047,700
Share-based Compensation			425,000	113,045
Additional Paid-in Capital [Member]
Accounting Policies [Line Items]
Deferred Offering Costs			$ 1,931,258
Buildings and Improvements [Member] \| Minimum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	10 years		10 years
Buildings and Improvements [Member] \| Maximum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	27 years 6 months		27 years 6 months
Incentive Compensation Plan 2012 [Member]
Accounting Policies [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized					1,650,000
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. 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.		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.
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period	496,359		496,359
Share-based Compensation			$ 425,000	$ 113,045

INVESTMENTS IN SINGLE-FAMILY 27

INVESTMENTS IN SINGLE-FAMILY RESIDENTIAL PROPERTIES (Details)	3 Months Ended
	Mar. 31, 2017USD ($)Number	Dec. 31, 2016USD ($)Number	Dec. 31, 2015USD ($)Number	Dec. 31, 2014USD ($)	Dec. 31, 2014Number	Dec. 31, 2014
RESIDENTIAL HOMES, NET [Line Items]
Number of Homes	681	624	527		395	395
Land	$ 9,238,642	$ 8,579,550	$ 6,761,350	$ 5,422,647
Buildings and Improvements	43,127,053	39,419,038	31,744,657	23,961,608
Investments in Single-Family Residential Properties, Gross	52,365,695	47,998,588	38,506,007	29,384,255
Accumulated Depreciation	(3,231,343)	(2,853,049)	(1,630,873)	(592,114)
Investments in Single-Family Residential Properties, Net	49,134,352	$ 45,145,539	$ 36,875,134	$ 28,792,141
Land [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property Plant and Equipment	8,579,550
Property Plant and Equipment	9,238,642
Building Improvements [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property Plant and Equipment	39,419,038
Property Plant and Equipment	43,127,053
Investments In Single Family Residential Properties [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property Plant and Equipment	47,998,588
Property Plant and Equipment	$ 52,365,695
Houston, TX [Member]
RESIDENTIAL HOMES, NET [Line Items]
Number of Homes \| Number	0	97	0
Land		$ 1,818,200	$ 0
Buildings and Improvements		7,240,899	34,938
Investments in Single-Family Residential Properties, Gross		9,059,099	34,938
Accumulated Depreciation		(408,425)	(380,630)
Investments in Single-Family Residential Properties, Net		$ 8,650,674	$ (345,692)
Houston, TX [Member] \| Land [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property, Plant and Equipment, Additions	$ 0
Houston, TX [Member] \| Building Improvements [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property, Plant and Equipment, Additions	47,036
Houston, TX [Member] \| Investments In Single Family Residential Properties [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property, Plant and Equipment, Additions	$ 47,036
Jacksonville, FL [Member]
RESIDENTIAL HOMES, NET [Line Items]
Number of Homes \| Number	0	0	133
Land		$ 0	$ 1,345,453
Buildings and Improvements		261,453	7,723,661
Investments in Single-Family Residential Properties, Gross		261,453	9,069,114
Accumulated Depreciation		(557,805)	(415,172)
Investments in Single-Family Residential Properties, Net		$ (296,352)	$ 8,653,942
Jacksonville, FL [Member] \| Land [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property, Plant and Equipment, Additions	$ 0
Jacksonville, FL [Member] \| Building Improvements [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property, Plant and Equipment, Additions	62,006
Jacksonville, FL [Member] \| Investments In Single Family Residential Properties [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property, Plant and Equipment, Additions	$ 62,006
Jacksonville Fl Sale [Member]
RESIDENTIAL HOMES, NET [Line Items]
Number of Homes \| Number	(1)
Jacksonville Fl Sale [Member] \| Land [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property, Plant and Equipment, Disposals	$ (10,908)
Jacksonville Fl Sale [Member] \| Building Improvements [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property, Plant and Equipment, Disposals	(66,468)
Jacksonville Fl Sale [Member] \| Investments In Single Family Residential Properties [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property, Plant and Equipment, Disposals	$ (77,376)
Memphis, TN [Member]
RESIDENTIAL HOMES, NET [Line Items]
Number of Homes \| Number	20	0	0
Land		$ 0	$ 0
Buildings and Improvements		125,895	60,550
Investments in Single-Family Residential Properties, Gross		125,895	60,550
Accumulated Depreciation		(234,308)	(226,188)
Investments in Single-Family Residential Properties, Net		$ (108,413)	$ (165,638)
Number of Homes (Disposition) \| Number			(1)
Land (Disposition)			$ (6,750)
Buildings and Improvements (Disposition)			(38,250)
Total Investments in Real Estate (Disposition)			(45,000)
Accumulated Depreciation (Disposition)			1,507
Investments in Real Estate Net (Disposition)			$ (43,493)
Memphis, TN [Member] \| Land [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property, Plant and Equipment, Additions	$ 400,000
Memphis, TN [Member] \| Building Improvements [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property, Plant and Equipment, Additions	1,243,814
Memphis, TN [Member] \| Investments In Single Family Residential Properties [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property, Plant and Equipment, Additions	$ 1,643,814
Atlanta, GA [Member]
RESIDENTIAL HOMES, NET [Line Items]
Number of Homes \| Number	38	0	0
Land		$ 0	$ 0
Buildings and Improvements		46,134	2,150
Investments in Single-Family Residential Properties, Gross		46,134	2,150
Accumulated Depreciation		(21,638)	(18,276)
Investments in Single-Family Residential Properties, Net		$ 24,496	$ (16,126)
Atlanta, GA [Member] \| Land [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property, Plant and Equipment, Additions	$ 270,000
Atlanta, GA [Member] \| Building Improvements [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property, Plant and Equipment, Additions	2,421,627
Atlanta, GA [Member] \| Investments In Single Family Residential Properties [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property, Plant and Equipment, Additions	$ 2,691,627

INVESTMENTS IN SINGLE-FAMILY 28

INVESTMENTS IN SINGLE-FAMILY RESIDENTIAL PROPERTIES (Details 1) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
RESIDENTIAL HOMES, NET [Line Items]
Rental income	$ 1,741,309	$ 1,378,763	$ 5,648,014	$ 4,934,201
Property operating, maintenance and real estate taxes	515,560	401,236	1,684,431	1,552,051
Depreciation and amortization	441,725	325,416	1,334,555	1,162,312
Net loss	$ (364,678)	$ (377,880)	$ (1,772,354)	$ (1,795,861)
Net loss per share, basic and fully diluted	$ (0.03)	$ (0.05)	$ (0.22)	$ (0.26)
Weighted average number of common shares outstanding, basic and fully diluted	10,734,025	7,031,618	8,197,073	7,016,796
Pro Forma [Member] \| Real Estate Investment [Member]
RESIDENTIAL HOMES, NET [Line Items]
Rental income			$ 6,745,713	$ 6,579,828
Property operating, maintenance and real estate taxes			3,099,440	3,053,996
Depreciation and amortization			1,626,395	1,567,162
Net loss			$ (1,424,863)	$ (1,638,482)
Net loss per share, basic and fully diluted			$ (0.17)	$ (0.23)
Weighted average number of common shares outstanding, basic and fully diluted			8,197,073	7,016,796

INVESTMENTS IN SINGLE-FAMILY 29

INVESTMENTS IN SINGLE-FAMILY RESIDENTIAL PROPERTIES (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Rental Income	$ 1,741,309	$ 1,378,763	$ 5,648,014	$ 4,934,201
Cost of Property Repairs and Maintenance	515,560	401,236	1,684,431	1,552,051
Depreciation, Depletion and Amortization, Nonproduction	441,725	325,416	1,334,555	1,162,312
Net Income (Loss) Attributable to Parent, Total	$ (364,678)	$ (377,880)	(1,772,354)	(1,795,861)
Acquisition-related Costs [Member]
Rental Income			109,088	698,976
Cost of Property Repairs and Maintenance			43,070	366,809
Acquisition Costs, Period Cost			147,099	375,780
Depreciation, Depletion and Amortization, Nonproduction			21,721	118,180
Net Income (Loss) Attributable to Parent, Total			$ 102,802	$ 161,793

ACCOUNTS PAYABLE AND ACCRUED 30

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accounts Payable And Accrued Expenses [Line Items]
Accounts payable	$ 100,234	$ 248,456	$ 321,815
Real estate taxes payable	286,560	667,811	415,124
Accrued compensation, board fees and other	389,592	300,500	343,750
Interest payable	90,199	66,468	62,749
Accounts payable and accrued liabilities	$ 866,585	$ 1,283,235	$ 1,143,438

NOTES PAYABLE (Details)

NOTES PAYABLE (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Note
Notes Payable, Total	$ 24,723,987	$ 19,814,025	$ 19,890,410
Less deferred loan fees, net	(395,753)	(359,648)	(480,956)
Notes payable, net	24,328,234	19,454,377	19,409,454
Reven Housing Texas, LLC [Member]
Note
Notes Payable, Total	7,460,535	7,502,504	7,570,000
Reven Housing Texas 2 LLC [Member]
Note
Notes Payable, Total	5,006,439	0
Reven Housing Tennessee, LLC [Member]
Note
Notes Payable, Total	3,887,321	3,908,829	3,917,530
Reven Housing Florida, LLC [Member]
Note
Notes Payable, Total	3,493,794	3,526,794	3,526,985
Reven Housing Florida 2, LLC [Member]
Note
Notes Payable, Total	$ 4,875,898	$ 4,875,898	$ 4,875,895

NOTES PAYABLE (Details 1)

NOTES PAYABLE (Details 1) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
2,017		$ 321,521
2,018		442,776
2,019		11,095,495
2,020		7,954,233
Notes Payable, Total	$ 24,723,987	$ 19,814,025	$ 19,890,410

NOTES PAYABLE (Details Textual)

NOTES PAYABLE (Details Textual) - USD ($)	Apr. 04, 2017	Jan. 31, 2017	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Notes Payable [Line Items]
Interest Expense, Debt			$ 307,520	$ 258,157	$ 1,037,355	$ 744,000
Amortization of Financing Costs			32,617	$ 30,327	121,308	96,640
Debt Instrument, Periodic Payment, Total		$ 31,759
Debt Issuance Costs, Net			$ 395,753		$ 359,648	480,956
Notes Payable [Member]
Notes Payable [Line Items]
Debt Instrument, Maturity Date		Jan. 31, 2022
Debt Instrument, Interest Rate Terms			interest at a rate of 1.00% over the prime rate (interest rate was 5.00% per annum at March 31, 2017)		interest at a rate of 1.00% over the prime rate
Debt Instrument, Interest Rate, Stated Percentage		4.50%			4.75%
Debt Issuance Costs, Net					$ 359,648	$ 480,956
Debt Instrument, Face Amount		$ 5,020,000
Prepayment Penalty Percentage First Year			1.00%
Notes Payable [Member] \| Subsequent Event [Member]
Notes Payable [Line Items]
Debt Instrument, Maturity Date	Apr. 5, 2020
Debt Instrument, Interest Rate, Stated Percentage	4.50%
Prepayment Penalty Percentage First Year	2.00%
Debt Instrument, Term	25 years

STOCKHOLDERS_ EQUITY AND STOC34

STOCKHOLDERS’ EQUITY AND STOCK COMPENSATION (Details Textual) - USD ($)	Feb. 01, 2016	Oct. 16, 2014	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	May 10, 2016
STOCKHOLDERS’ EQUITY AND STOCK COMPENSATION [Line Items]
Deferred Offering Costs			$ 40,666	$ 0	$ 742,757
Share Price						$ 5
Proceeds from Issuance of Common Stock				$ 18,473,100	0
Sale of Stock, Number of Shares Issued in Transaction				3,694,620
Additional Paid-in Capital [Member]
STOCKHOLDERS’ EQUITY AND STOCK COMPENSATION [Line Items]
Deferred Offering Costs				$ 1,931,258
Incentive Compensation Plan 2012 [Member]
STOCKHOLDERS’ EQUITY AND STOCK COMPENSATION [Line Items]
Warrants To Purchase Common Stock	5
Stock Issued During Period, Shares, Issued for Services	22,609	425,000		425,000
Accrued Bonuses					$ 113,045
Allocated Share-based Compensation Expense		$ 425,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares				106,250
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares			318,750	318,750
Maximum [Member]
STOCKHOLDERS’ EQUITY AND STOCK COMPENSATION [Line Items]
Common Stock, Offered to Public						5,000,000
Minimum [Member]
STOCKHOLDERS’ EQUITY AND STOCK COMPENSATION [Line Items]
Common Stock, Offered to Public						3,000,000
Private Placement [Member]
STOCKHOLDERS’ EQUITY AND STOCK COMPENSATION [Line Items]
Warrants To Purchase Common Stock			263,588	263,588
Share Price			$ 4	$ 4
Investment Warrants Expiration Date			Sep. 27, 2018	Sep. 27, 2018

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($)	12 Months Ended
INCOME TAXES (Details Textual) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Domestic		$ 2,600,000
Federal Tax Loss Carry Forwards Expiration	expire in 2032

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
RELATED PARTY TRANSACTIONS (Details Textual) - USD ($)	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Operating Leases, Rent Expense		$ 500	$ 500
Operating Leases, Rent Expense, Sublease Rentals	$ 1,500	1,000
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Operating Leases, Rent Expense		$ 3,000	3,000	$ 36,000
Operating Leases, Rent Expense, Sublease Rentals			$ 5,500

RENTAL INCOME (Details)

RENTAL INCOME (Details)	Dec. 31, 2016USD ($)
LEASE INCOME [Line Items]
2,017	$ 2,804,126
2,018	1,103,683
2,019	31,025
Operating Leases, Future Minimum Payments Receivable, Total	$ 3,938,834

COMMITMENTS AND CONTINGENCIES38

COMMITMENTS AND CONTINGENCIES (Details)	Dec. 31, 2016USD ($)
Operating Leased Assets [Line Items]
2,017	$ 65,728
2,018	81,279
2,019	83,717
2,020	86,229
2,021	36,881
Operating Leases, Future Minimum Payments Due, Total	$ 353,834

COMMITMENTS AND CONTINGENCIES39

COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($)	Dec. 21, 2015	Mar. 31, 2016	Dec. 31, 2016
Other Commitments [Line Items]
Operating Lease Maturity Term	64 months
Operating Leases, Rent Expense		$ 500	$ 500
General and Administrative Expense [Member]
Other Commitments [Line Items]
Operating Leases, Rent Expense			$ 57,600

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual) - USD ($)	Mar. 15, 2017	Apr. 24, 2017	Apr. 19, 2017	Feb. 16, 2017	Jan. 31, 2017
Subsequent Event [Line Items]
Debt Instrument, Periodic Payment, Total					$ 31,759
Subsequent Event [Member] \| Atlanta [Member]
Subsequent Event [Line Items]
Payments to Acquire Real Estate	$ 2,663,000	$ 300,000
Subsequent Event [Member] \| Memphis [Member]
Subsequent Event [Line Items]
Payments to Acquire Real Estate			$ 5,320,000	$ 2,140,000
Subsequent Event [Member] \| Promissory Note [Member]
Subsequent Event [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					4.50%
Debt Instrument, Face Amount					$ 5,020,000
Debt Instrument, Maturity Date					Jan. 31, 2022
Debt Instrument, Periodic Payment, Total					$ 31,759