Reven Housing REIT (RVEN) 10-Q 13 Nov 18 2018 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Oct. 31, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Entity Registrant Name	Reven Housing REIT, Inc.
Entity Central Index Key	1,487,782
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Trading Symbol	RVEN
Entity Common Stock, Shares Outstanding		10,945,074
Entity Emerging Growth Company	false
Entity Small Business	true

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Investments in single-family residential properties:
Land	$ 11,328,161	$ 10,996,361
Buildings and improvements	52,677,702	49,399,791
Investments in real estate, gross	64,005,863	60,396,152
Accumulated depreciation	(6,061,956)	(4,542,707)
Investments in single-family residential properties, net	57,943,907	55,853,445
Cash and cash equivalents	22,766,393	6,442,322
Restricted cash	1,259,492	0
Rent and other receivables	614,329	645,441
Lease origination costs, net	388,084	317,359
Deferred stock issuance costs	0	553,296
Other assets, net	652,220	1,774,978
Total Assets	83,624,425	65,586,841
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued liabilities	1,405,822	1,453,142
Resident security deposits	757,683	697,379
Notes payable, net	50,082,837	30,493,124
Total Liabilities	52,246,342	32,643,645
Commitments and contingencies (Note 9)
Stockholders' Equity
Preferred stock, $.001 par value; 25,000,000 shares authorized; No shares issued or outstanding	0	0
Common stock, $.001 par value; 100,000,000 shares authorized; 10,945,074 and 10,734,025 shares issued and outstanding at at September 30, 2018 and December 31, 2017, respectively	10,945	10,734
Additional paid-in capital	42,543,805	41,677,465
Accumulated deficit	(11,176,667)	(8,745,003)
Total Stockholders' Equity	31,378,083	32,943,196
Total Liabilities and Stockholders' Equity	$ 83,624,425	$ 65,586,841

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2018	Dec. 31, 2017
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
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)	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	10,945,074	10,734,025
Common stock, shares outstanding	10,945,074	10,734,025

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenue:
Rental income	$ 2,211,085	$ 2,043,322	$ 6,623,163	$ 5,814,135
Expenses:
Property operating and maintenance	780,415	593,339	2,081,009	1,694,969
Real estate taxes	371,741	346,669	1,104,657	988,839
Depreciation and amortization	597,928	537,968	1,631,824	1,458,933
General and administration	511,158	558,074	1,702,990	1,860,473
Noncash share-based compensation	39,375	0	39,375	0
Total expenses	2,300,617	2,036,050	6,559,855	6,003,214
Operating (loss) income	(89,532)	7,272	63,308	(189,079)
Other income (expenses):
Net gain on sale of single family residential properties	0	0	0	75,796
Casualty (loss) gain, net	0	(978,181)	76,133	(895,194)
Loss on early extinguishment of debt	(642,845)	0	(642,845)	0
Previously deferred stock issuance costs	0	0	(674,144)	0
Other	7,993	5,466	22,989	13,628
Interest expense	(441,341)	(342,253)	(1,277,105)	(967,410)
Total other income (expenses), net	(1,076,193)	(1,314,968)	(2,494,972)	(1,773,180)
Net loss	$ (1,165,725)	$ (1,307,696)	$ (2,431,664)	$ (1,962,259)
Net loss per share
(Basic and fully diluted)	$ (0.11)	$ (0.12)	$ (0.23)	$ (0.18)
Weighted average number of common shares outstanding	10,779,070	10,734,025	10,769,062	10,734,025

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Cash Flows From Operating Activities:
Net loss	$ (1,165,725)	$ (1,307,696)	$ (2,431,664)	$ (1,962,259)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	597,928	537,968	1,631,824	1,458,933
Noncash share-based compensation	39,375	0	39,375	0
Amortization of deferred loan fees	50,994	39,998	152,982	108,117
Casualty loss, net			0	895,194
Gain on sale of single-family residential properties			0	(75,796)
Loss on early extinguishment of debt	642,845	0	642,845	0
Previously deferred stock issuance costs	0	0	674,144	0
Changes in operating assets and liabilities:
Rent and other receivables			31,112	(427,708)
Other assets			(298,153)	79,262
Accounts payable and accrued liabilities			77,679	192,408
Resident security deposits			60,304	126,711
Net cash provided by operating activities			580,448	394,862
Cash Flows From Investing Activities:
Acquisitions of single-family residential properties			(1,681,413)	(10,117,039)
Capital improvements for single-family residential properties			(1,928,298)	(668,268)
Proceeds from disposition of single-family residential properties			0	205,027
Insurance proceeds received for property damages			1,420,912	554,806
Lease origination costs			(183,300)	(219,407)
Net cash used in investing activities			(2,372,099)	(10,244,881)
Cash Flows From Financing Activities:
Proceeds from notes payable			54,098,630	7,968,633
Proceeds from issuance of shares			702,176	0
Payments of notes payable			(33,742,217)	(405,750)
Payment of loan fees			(1,562,527)	(220,773)
Payments of stock issuance costs			(120,848)	(556,604)
Net cash provided by financing activities			19,375,214	6,785,506
Net Increase (Decrease) In Cash, Cash Equivalents, and Restricted Cash			17,583,563	(3,064,513)
Cash, Cash Equivalents, and Restricted Cash at the Beginning of the Period			6,442,322	10,044,977
Cash, Cash Equivalents, and Restricted Cash at the End of the Period	$ 24,025,885	$ 6,980,464	24,025,885	6,980,464
Supplemental Disclosure:
Cash paid for interest			$ 1,216,513	$ 837,127

ORGANIZATION AND OPERATION

ORGANIZATION AND OPERATION	9 Months Ended
	Sep. 30, 2018
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 located 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 September 30, 2018, the Company owned 826 single-family homes in the Houston, Jacksonville, Memphis, Birmingham and Atlanta metropolitan areas.

BASIS OF PRESENTATION AND SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	NOTE 2. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying condensed 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 in the 2017 Annual Report on Form 10-K filed with the SEC on March 29, 2018. The results of operations for the period ended September 30, 2018 are not necessarily indicative of the operating results for the full year. Principles of Consolidation The accompanying consolidated financial statements include the accounts of Reven Housing REIT, Inc, Reven Housing REIT OP, LP, a Delaware limited partnership which is its 100% owned operating partnership, and its wholly-owned subsidiaries, which have been formed primarily for financing purposes. All significant intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of the condensed 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. Financial Instruments The carrying value of the Company’s financial instruments, as reported in the accompanying condensed consolidated balance sheets, approximates fair value due to their short-term nature. The Company’s short term financial instruments consist of cash and cash equivalents, restricted cash, rent 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 condensed consolidated balance sheets, approximates fair value due to their market interest rate and because their security and payment terms are similar to other debt instruments currently being issued. Investments in Single-Family Residential Properties The Company accounts for its investments in single-family residential properties as asset acquisitions and records these acquisitions at their purchase price. The purchase price is allocated between land, building, improvements and existing leases based upon their relative fair values at the date of acquisition. The purchase price for purposes of this allocation is inclusive of acquisition costs, which typically include legal fees, title fees, property inspection and valuation fees, as well as other closing costs. 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 loss for the nine-month period ended September 30, 2018. During the quarter ended September 30, 2017, the company reduced its carrying value of its homes by $2.6 million due to hurricane damages in Houston and Jacksonville. Substantially all of those damages have since been repaired. Cash and Cash Equivalents The Company considers all demand deposits, money market accounts and certificates of deposit with a maturity of three months or less to be cash equivalents. The Company maintains its cash accounts 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. Restricted Cash Pursuant to the terms of the note payable referred to in Note 5, the Company is required to establish, maintain, and fund monthly specified reserve accounts. These reserve accounts include property tax reserves, insurance reserves, and capital expenditure reserves. Rent and Other Receivables Rent 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. Deferred Loan Fees Costs incurred in the placement of the Company’s notes payable 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. These deferred loan fees are offset against the notes payable in the accompanying balance sheets. Deferred Stock Issuance Costs 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 nine-month period ended September 30, 2018, such capital raise was postponed indefinitely, and the Company expensed the related $674,144 of deferred stock issuance costs incurred pertaining to its previously filed registration statement on Form S-11. Security Deposits Security deposits represent amounts deposited by tenants at the inception of the lease. As of September 30, 2018 and December 31, 2017, the Company had $757,683 and $697,379, respectively, in resident security deposits. Security deposits are refundable, net of any outstanding charges and fees, upon expiration of the underlying lease. Revenue Recognition 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. Income Taxes 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, 2018. 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. Incentive Compensation Plan 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. During January 2018, an additional 35,505 shares were issued to officers, directors and employees as part of their accrued compensation for the year ended December 31, 2017. Subsequent to September 30, 2018, the Company issued 9,918 shares to directors as part of their accrued compensation for the period ended September 30, 2018. A total of 541,782 shares have been issued under the 2012 plan to date. 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 earnings or decrease loss per share. For the three and nine months ended September 30, 2017, potentially dilutive securities excluded from the calculations were 263,588 shares issuable upon exercise of outstanding warrants granted in prior years. These warrants were converted, or expired, during the quarter ended September 30, 2018. Segment Reporting 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 rental 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. New Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) , which outlines a new, single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The new model will require revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration a company expects to receive in exchange for those goods or services. The standard can be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. In July 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date , which delays the effective date of ASU 2014-09 by one year. In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) , which is intended to improve the operability and understandability of the implementation guidance on principal versus agent considerations. ASU 2014-09, ASU 2015-14 and ASU 2016-08 are herein collectively referred to as the "New Revenue Recognition Standards". The New Revenue Recognition Standards are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted but not before annual periods beginning after December 15, 2016. The Company has adopted the New Revenue Recognition Standards effective as of January 1, 2018, and has applied the modified retrospective method. The Company has evaluated its revenue streams and, as they are primarily related to leasing activities which are scoped out of the New Revenue Recognition Standards, has determined that the adoption of such standards does not have a material impact on the consolidated financial statements and thus there is no cumulative adjustment upon adoption. The Company evaluated its real estate sales contracts through September 30, 2018 and 2017 and determined they qualified as sales to noncustomers. The gain on the sale of real estate for the property sold through September 30, 2017 was recognized on the full accrual method based on the existing accounting standards and was determined to be a completed contract as of September 30, 2017; therefore, the adoption of the new revenue recognition standards did not have an impact on the Company’s real estate sale contracts. In February 2016, the FASB issued ASU 2016-02, Leases , a new lease standard which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e. lessees and lessors). Under ASU 2016-02, lessor accounting will be substantially similar to the current model, but aligned with certain changes to the lessee model and ASU 2014-09. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The Company’s rental revenue is primarily generated from short-term operating leases. The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating based on the principle of whether or not the lease is effectively a financed purchase of the leased asset by the lessee. This classification will determine whether the lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard is expected to impact the Company’s consolidated financial statements as the Company has an operating office lease arrangement for which it is the lessee. The new standard will be effective for the Company beginning on January 1, 2019, with early adoption permitted. The new standard must be adopted using a modified retrospective transition, requiring application of the new guidance at the beginning of the earliest comparative period presented and provides for certain practical expedients. The Company is currently evaluating the impact on its consolidated financial statements. Subsequent Events Management has evaluated events subsequent to September 30, 2018 through the date that the accompanying condensed consolidated financial statements were filed with the Securities and Exchange Commission for transactions and other events which may require adjustments of and/or disclosure in such financial statements.

INVESTMENTS IN SINGLE-FAMILY RE

INVESTMENTS IN SINGLE-FAMILY RESIDENTIAL PROPERTIES	9 Months Ended
	Sep. 30, 2018
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. Investments in Investments in Single-Family Single-Family Number Buildings and Residential Accumulated Residential of Homes Land Improvements Properties, Gross Depreciation Properties, Net Total at December 31, 2017 799 $ 10,996,361 $ 49,399,791 $ 60,396,152 $ (4,542,707 ) $ 55,853,445 Purchases and improvements during 2018: Acquisitions 27 331,800 1,349,613 1,681,413 - 1,681,413 Improvements - - 1,928,298 1,928,298 - 1,928,298 Depreciation - - - - (1,519,249 ) (1,519,249 ) Total at September 30, 2018 826 $ 11,328,161 $ 52,677,702 $ 64,005,863 $ (6,061,956 ) $ 57,943,907 Approximately $987,000 of improvements made during the nine months ended September 30, 2018 were related to renovations resulting from casualty losses incurred during 2017, and were primarily funded with insurance proceeds received during the period ended September 30, 2018.

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	9 Months Ended
	Sep. 30, 2018
Accounts Payable and Accrued Liabilities [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 4. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES At September 30, 2018 and December 31, 2017, accounts payable and accrued liabilities consisted of the following: 2018 2017 Accounts payable $ 36,925 $ 162,221 Real estate taxes payable 1,031,027 781,898 Accrued compensation, board fees and other 337,870 416,633 Interest payable - 92,390 $ 1,405,822 $ 1,453,142

NOTES PAYABLE

NOTES PAYABLE	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 5. NOTES PAYABLE On September 28, 2018, the Company, through Reven Housing Funding 1, LLC, a wholly-owned subsidiary, refinanced its entire single-family home portfolio by entering into a $51,362,000 loan with Arbor Agency Lending, LLC, on behalf of the Federal Home Loan Mortgage Corporation (Freddie Mac). The loan is a seven-year, monthly interest-only payable loan accruing interest at 4.74% per annum, with principal due and payable at its maturity on October 1, 2025. The loan is secured by 824 of the Company’s currently owned single-family homes and the Company has also guaranteed approximately $12.8 million of the loan balance. Proceeds of approximately $33 million were utilized to pay off and replace the Company’s eight previously outstanding notes. Additionally, as a result of the loan, the Company received approximately $17 million of cash, net of transaction fees, prepayment fees, and loan payoffs which Reven intends to use for the future acquisitions of single-family homes. Early Extinguishment of Debt As a result of the early payoff of the Company’s previous loans on September 28, 2018 mentioned above, the Company incurred $642,845 of loss on early extinguishment of debt primarily consisting of unamortized financing costs and prepayment fees. A summary of the Company’s notes payable as of September 30, 2018 and December 31, 2017 is as follows: 2018 2017 Interest Rate (Fixed) Maturity Date Note Reven Housing Fund 1, LLC $ 51,362,000 $ - 4.74 % October, 2025 Reven Housing Texas, LLC - 7,312,030 4.50 % April, 2020 Reven Housing Texas 2, LLC - 4,890,978 4.50 % January, 2022 Reven Housing Tennessee, LLC - 3,830,791 4.50 % April, 2020 Reven Housing Florida, LLC - 3,442,987 4.50 % April, 2020 Reven Housing Florida 2, LLC - 4,805,389 4.50 % April, 2020 Reven Housing Georgia, LLC - 1,780,765 4.50 % July, 2020 Reven Housing Tennessee, LLC - 1,148,726 4.50 % September, 2020 Reven Housing Alabama, LLC - 3,793,920 4.25 % January, 2023 51,362,000 31,005,586 Less deferred loan fees, net (1,279,163 ) (512,462 ) Notes payable, net $ 50,082,837 $ 30,493,124 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 condensed 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 $1,279,163 and $512,462 as of September 30, 2018 and December 31, 2017, respectively. During the three months ended September 30, 2018 and 2017, the Company incurred $441,341 and $342,253, respectively, of interest expense related to the notes payable, which includes $50,994 and $39,998, respectively, of amortization of deferred loan fees. During the nine months ended September 30, 2018 and 2017, the Company incurred $1,277,105 and $967,410, respectively, of interest expense related to the notes payable, which includes $152,982 and $108,117, respectively, of amortization of deferred loan fees.

STOCKHOLDERS' EQUITY AND STOCK

STOCKHOLDERS' EQUITY AND STOCK COMPENSATION	9 Months Ended
	Sep. 30, 2018
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. 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. In January 2018, the Company issued 35,505 shares of the Company’s common stock under the 2012 Plan to certain directors, officers, and consultants of the Company as payment for accrued 2017 compensation. Subsequent to September 30, 2018, in November 2018, the Company approved the issuance of 9,918 shares of the Company’s common stock under the 2012 Plan to certain directors as payment for accrued 2018 compensation for the three month period ending September 30, 2018. The Company had previously issued outstanding warrants that allowed holders to purchase up to 263,588 shares at an exercise price of $4.00 per share. During September 2018, 175,544 shares were issued upon the exercise of warrants and the Company received total proceeds on exercise of $702,176. The remaining warrants expired on September 27, 2018. Share Repurchase Program In March 2018, the Company authorized our existing share repurchase program, authorizing the repurchase of up to $500,000 of our outstanding common stock from time to time in the open market. The program has an expiration date of December 31, 2018. All repurchased shares are constructively retired and returned to an authorized and unissued status. The Company did not repurchase and retire any of our shares as of the period ended September 30, 2018. Subsequent to September 30, 2018, the Company has repurchased a nominal number of shares under the program. Distributions In October 2018, the Company declared its first distribution of $0.01 per share on the Company’s common shares. The distribution will be made on or about November 15, 2018 to shareholders of record as of October 25, 2018.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 7. INCOME TAXES The Company intends to elect REIT status effective for the year ending December 31, 2018. The Company would then generally not be subject to income taxes assuming it complied with the various distribution rules applicable to REITs. The Company has also incurred current and prior year net operating losses; thus, the Company does not expect to incur current income tax expenses even if it does not choose to elect REIT status in 2018. 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 September 30, 2018 and December 31, 2017. At December 31, 2017 the Company had federal and state net operating loss carry-forwards of approximately $5,350,000. 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	9 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 8. RELATED PARTY TRANSACTIONS Reven Capital, LLC, which is wholly-owned by Chad M. Carpenter, a shareholder of the Company and its Chief Executive Officer, currently subleases office space from the Company on a month to month basis for a monthly rental of $500. For each of the three month periods ended September 30, 2018 and 2017, the Company received income from Reven Capital, LLC of $1,500, respectively. For each of the nine month periods ended September 30, 2018 and 2017, the Company received income from Reven Capital, LLC of $4,500, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 9. COMMITMENTS AND CONTINGENCIES Purchase Commitments The Company has entered into purchase contracts to acquire approximately 200 homes at a contract price of approximately $22.4 million. However, it is not yet known if the purchases of these properties will close because properties may fall out of escrow through the closing process for various reasons. 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 condensed consolidated financial statements and, therefore, no accrual has been recorded as of the periods ended September 30, 2018 and December 31, 2017.

BASIS OF PRESENTATION AND SIG_2

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying condensed 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 in the 2017 Annual Report on Form 10-K filed with the SEC on March 29, 2018. The results of operations for the period ended September 30, 2018 are not necessarily indicative of the operating results for the full year.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The accompanying consolidated financial statements include the accounts of Reven Housing REIT, Inc, Reven Housing REIT OP, LP, a Delaware limited partnership which is its 100% owned operating partnership, and its wholly-owned subsidiaries, which have been formed primarily for financing purposes. All significant intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of the condensed 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.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Financial Instruments The carrying value of the Company’s financial instruments, as reported in the accompanying condensed consolidated balance sheets, approximates fair value due to their short-term nature. The Company’s short term financial instruments consist of cash and cash equivalents, restricted cash, rent 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 condensed consolidated balance sheets, approximates fair value due to their market interest rate and because their security and payment terms are similar to other debt instruments currently being issued.
Property Acquisitions [Policy Text Block]	Investments in Single-Family Residential Properties The Company accounts for its investments in single-family residential properties as asset acquisitions and records these acquisitions at their purchase price. The purchase price is allocated between land, building, improvements and existing leases based upon their relative fair values at the date of acquisition. The purchase price for purposes of this allocation is inclusive of acquisition costs, which typically include legal fees, title fees, property inspection and valuation fees, as well as other closing costs. 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 loss for the nine-month period ended September 30, 2018. During the quarter ended September 30, 2017, the company reduced its carrying value of its homes by $2.6 million due to hurricane damages in Houston and Jacksonville. Substantially all of those damages have since been repaired.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company considers all demand deposits, money market accounts and certificates of deposit with a maturity of three months or less to be cash equivalents. The Company maintains its cash accounts 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.
Restricted Cash And Restricted Cash Equivalents Policy [Policy Text Block]	Restricted Cash Pursuant to the terms of the note payable referred to in Note 5, the Company is required to establish, maintain, and fund monthly specified reserve accounts. These reserve accounts include property tax reserves, insurance reserves, and capital expenditure reserves.
Advances to Property Manager [Policy Text Block]	Rent and Other Receivables Rent 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.
Deferred Loan Fees, Policy [Policy Text Block]	Deferred Loan Fees Costs incurred in the placement of the Company’s notes payable 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. These deferred loan fees are offset against the notes payable in the accompanying balance sheets.
Deferred Stock Issuance Costs [Policy Text Block]	Deferred Stock Issuance Costs 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 nine-month period ended September 30, 2018, such capital raise was postponed indefinitely, and the Company expensed the related $674,144 of deferred stock issuance costs incurred pertaining to its previously filed registration statement on Form S-11.
Security Deposits [Policy Text Block]	Security Deposits Security deposits represent amounts deposited by tenants at the inception of the lease. As of September 30, 2018 and December 31, 2017, the Company had $757,683 and $697,379, respectively, in resident security deposits. Security deposits are refundable, net of any outstanding charges and fees, upon expiration of the underlying lease.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition 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.
Income Tax, Policy [Policy Text Block]	Income Taxes 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, 2018. 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.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Incentive Compensation Plan 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. During January 2018, an additional 35,505 shares were issued to officers, directors and employees as part of their accrued compensation for the year ended December 31, 2017. Subsequent to September 30, 2018, the Company issued 9,918 shares to directors as part of their accrued compensation for the period ended September 30, 2018. A total of 541,782 shares have been issued under the 2012 plan to date.
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 earnings or decrease loss per share. For the three and nine months ended September 30, 2017, potentially dilutive securities excluded from the calculations were 263,588 shares issuable upon exercise of outstanding warrants granted in prior years. These warrants were converted, or expired, during the quarter ended September 30, 2018.
Segment Reporting, Policy [Policy Text Block]	Segment Reporting 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 rental 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.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) , which outlines a new, single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The new model will require revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration a company expects to receive in exchange for those goods or services. The standard can be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. In July 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date , which delays the effective date of ASU 2014-09 by one year. In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) , which is intended to improve the operability and understandability of the implementation guidance on principal versus agent considerations. ASU 2014-09, ASU 2015-14 and ASU 2016-08 are herein collectively referred to as the "New Revenue Recognition Standards". The New Revenue Recognition Standards are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted but not before annual periods beginning after December 15, 2016. The Company has adopted the New Revenue Recognition Standards effective as of January 1, 2018, and has applied the modified retrospective method. The Company has evaluated its revenue streams and, as they are primarily related to leasing activities which are scoped out of the New Revenue Recognition Standards, has determined that the adoption of such standards does not have a material impact on the consolidated financial statements and thus there is no cumulative adjustment upon adoption. The Company evaluated its real estate sales contracts through September 30, 2018 and 2017 and determined they qualified as sales to noncustomers. The gain on the sale of real estate for the property sold through September 30, 2017 was recognized on the full accrual method based on the existing accounting standards and was determined to be a completed contract as of September 30, 2017; therefore, the adoption of the new revenue recognition standards did not have an impact on the Company’s real estate sale contracts. In February 2016, the FASB issued ASU 2016-02, Leases , a new lease standard which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e. lessees and lessors). Under ASU 2016-02, lessor accounting will be substantially similar to the current model, but aligned with certain changes to the lessee model and ASU 2014-09. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The Company’s rental revenue is primarily generated from short-term operating leases. The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating based on the principle of whether or not the lease is effectively a financed purchase of the leased asset by the lessee. This classification will determine whether the lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard is expected to impact the Company’s consolidated financial statements as the Company has an operating office lease arrangement for which it is the lessee. The new standard will be effective for the Company beginning on January 1, 2019, with early adoption permitted. The new standard must be adopted using a modified retrospective transition, requiring application of the new guidance at the beginning of the earliest comparative period presented and provides for certain practical expedients. The Company is currently evaluating the impact on its consolidated financial statements.
Subsequent Events, Policy [Policy Text Block]	Subsequent Events Management has evaluated events subsequent to September 30, 2018 through the date that the accompanying condensed consolidated financial statements were filed with the Securities and Exchange Commission for transactions and other events which may require adjustments of and/or disclosure in such financial statements.

INVESTMENTS IN SINGLE-FAMILY _2

INVESTMENTS IN SINGLE-FAMILY RESIDENTIAL PROPERTIES (Tables)	9 Months Ended
	Sep. 30, 2018
Residential Homes [Abstract]
Schedule of Real Estate Properties [Table Text Block]	The homes are generally leased to individual tenants under leases with terms of one year or less. Investments in Investments in Single-Family Single-Family Number Buildings and Residential Accumulated Residential of Homes Land Improvements Properties, Gross Depreciation Properties, Net Total at December 31, 2017 799 $ 10,996,361 $ 49,399,791 $ 60,396,152 $ (4,542,707 ) $ 55,853,445 Purchases and improvements during 2018: Acquisitions 27 331,800 1,349,613 1,681,413 - 1,681,413 Improvements - - 1,928,298 1,928,298 - 1,928,298 Depreciation - - - - (1,519,249 ) (1,519,249 ) Total at September 30, 2018 826 $ 11,328,161 $ 52,677,702 $ 64,005,863 $ (6,061,956 ) $ 57,943,907

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2018
Accounts Payable and Accrued Liabilities [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	At September 30, 2018 and December 31, 2017, accounts payable and accrued liabilities consisted of the following: 2018 2017 Accounts payable $ 36,925 $ 162,221 Real estate taxes payable 1,031,027 781,898 Accrued compensation, board fees and other 337,870 416,633 Interest payable - 92,390 $ 1,405,822 $ 1,453,142

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	A summary of the Company’s notes payable as of September 30, 2018 and December 31, 2017 is as follows: 2018 2017 Interest Rate (Fixed) Maturity Date Note Reven Housing Fund 1, LLC $ 51,362,000 $ - 4.74 % October, 2025 Reven Housing Texas, LLC - 7,312,030 4.50 % April, 2020 Reven Housing Texas 2, LLC - 4,890,978 4.50 % January, 2022 Reven Housing Tennessee, LLC - 3,830,791 4.50 % April, 2020 Reven Housing Florida, LLC - 3,442,987 4.50 % April, 2020 Reven Housing Florida 2, LLC - 4,805,389 4.50 % April, 2020 Reven Housing Georgia, LLC - 1,780,765 4.50 % July, 2020 Reven Housing Tennessee, LLC - 1,148,726 4.50 % September, 2020 Reven Housing Alabama, LLC - 3,793,920 4.25 % January, 2023 51,362,000 31,005,586 Less deferred loan fees, net (1,279,163 ) (512,462 ) Notes payable, net $ 50,082,837 $ 30,493,124

BASIS OF PRESENTATION AND SIG_3

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	1 Months Ended		3 Months Ended	9 Months Ended
	Oct. 31, 2018	Jan. 31, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017	Dec. 31, 2012
Accounting Policies [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			263,588		263,588
Deferred Offering Costs				$ 0		$ 553,296
Security Deposit				757,683		$ 697,379
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period		35,505
Depreciation				$ 1,519,249
Buildings and Improvements [Member]
Accounting Policies [Line Items]
Depreciation					$ 2,600,000
Buildings and Improvements [Member] | Minimum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life				10 years
Buildings and Improvements [Member] | Maximum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life				27 years 6 months
Reven Housing REIT Inc [Member]
Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent				100.00%
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.
Stock Issued During Period, Shares, Share-based Compensation, Gross				541,782
Subsequent Event [Member] | Director [Member]
Accounting Policies [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period	9,918

INVESTMENTS IN SINGLE-FAMILY _3

INVESTMENTS IN SINGLE-FAMILY RESIDENTIAL PROPERTIES (Details)	9 Months Ended
	Sep. 30, 2018USD ($)	Dec. 31, 2017USD ($)
RESIDENTIAL HOMES, NET [Line Items]
Number of Homes	826	799
Property Plant and Equipment at Beginning	$ 55,853,445
Property Plant and Equipment, Acquisitions	1,681,413
Property Plant And Equipment, Improvements	1,928,298
Property Plant And Equipment, Depreciation	(1,519,249)
Property Plant and Equipment at Ending	57,943,907
Accumulated Depreciation	$ (6,061,956)	$ (4,542,707)
Acquisitions
RESIDENTIAL HOMES, NET [Line Items]
Number of Homes	27
Accumulated Depreciation	$ 0
Improvements
RESIDENTIAL HOMES, NET [Line Items]
Number of Homes	0
Accumulated Depreciation	$ 0
Depreciation
RESIDENTIAL HOMES, NET [Line Items]
Number of Homes	0
Property Plant And Equipment, Depreciation	$ (1,519,249)
Land
RESIDENTIAL HOMES, NET [Line Items]
Property Plant and Equipment at Beginning	10,996,361
Property Plant and Equipment, Acquisitions	331,800
Property Plant And Equipment, Improvements	0
Property Plant And Equipment, Depreciation	0
Property Plant and Equipment at Ending	11,328,161
Buildings and Improvements
RESIDENTIAL HOMES, NET [Line Items]
Property Plant and Equipment at Beginning	49,399,791
Property Plant and Equipment, Acquisitions	1,349,613
Property Plant And Equipment, Improvements	1,928,298
Property Plant And Equipment, Depreciation	0
Property Plant and Equipment at Ending	52,677,702
Investments In Single-Family Residential Properties [Member]
RESIDENTIAL HOMES, NET [Line Items]
Property Plant and Equipment at Beginning	60,396,152
Property Plant and Equipment, Acquisitions	1,681,413
Property Plant And Equipment, Improvements	1,928,298
Property Plant And Equipment, Depreciation	0
Property Plant and Equipment at Ending	$ 64,005,863

INVESTMENTS IN SINGLE-FAMILY _4

INVESTMENTS IN SINGLE-FAMILY RESIDENTIAL PROPERTIES (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Cost of Property Repairs and Maintenance	$ 780,415	$ 593,339	$ 2,081,009	$ 1,694,969
Hurricane [Member]
Cost of Property Repairs and Maintenance			$ 987,000

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Accounts Payable And Accrued Expenses [Line Items]
Accounts payable	$ 36,925	$ 162,221
Real estate taxes payable	1,031,027	781,898
Accrued compensation, board fees and other	337,870	416,633
Interest payable	0	92,390
Accounts payable and accrued liabilities	$ 1,405,822	$ 1,453,142

NOTES PAYABLE (Details)

NOTES PAYABLE (Details) - USD ($)	1 Months Ended	9 Months Ended
	Sep. 28, 2018	Sep. 30, 2018	Dec. 31, 2017
Note
Notes payable, net		$ 50,082,837	$ 30,493,124
Maturity Date	Oct. 1, 2025
Debt Instrument, Interest Rate, Stated Percentage	4.74%
Notes Payable to Banks [Member]
Note
Long-term Debt, Gross		51,362,000	31,005,586
Less deferred loan fees, net		(1,279,163)	(512,462)
Notes payable, net		50,082,837	30,493,124
Reven Housing Funding 1 LLC [Member] | Notes Payable to Banks [Member]
Note
Long-term Debt, Gross		$ 51,362,000	0
Maturity Date		Oct. 30, 2025
Debt Instrument, Interest Rate, Stated Percentage		4.74%
Reven Housing Texas, LLC [Member] | Notes Payable to Banks [Member]
Note
Long-term Debt, Gross		$ 0	7,312,030
Maturity Date		Apr. 30, 2020
Debt Instrument, Interest Rate, Stated Percentage		4.50%
Reven Housing Texas 2 LLC [Member] | Notes Payable to Banks [Member]
Note
Long-term Debt, Gross		$ 0	4,890,978
Maturity Date		Jan. 31, 2022
Debt Instrument, Interest Rate, Stated Percentage		4.50%
Reven Housing Tennessee, LLC [Member] | Notes Payable to Banks [Member]
Note
Long-term Debt, Gross		$ 0	3,830,791
Maturity Date		Apr. 30, 2020
Debt Instrument, Interest Rate, Stated Percentage		4.50%
Reven Housing Florida, LLC [Member] | Notes Payable to Banks [Member]
Note
Long-term Debt, Gross		$ 0	3,442,987
Maturity Date		Apr. 30, 2020
Debt Instrument, Interest Rate, Stated Percentage		4.50%
Reven Housing Florida 2, LLC [Member] | Notes Payable to Banks [Member]
Note
Long-term Debt, Gross		$ 0	4,805,389
Maturity Date		Apr. 30, 2020
Debt Instrument, Interest Rate, Stated Percentage		4.50%
Reven Housing Georgia, LLC [Member] | Notes Payable to Banks [Member]
Note
Long-term Debt, Gross		$ 0	1,780,765
Maturity Date		Jul. 31, 2020
Debt Instrument, Interest Rate, Stated Percentage		4.50%
Reven Housing Tennessee 2, LLC [Member] | Notes Payable to Banks [Member]
Note
Long-term Debt, Gross		$ 0	1,148,726
Maturity Date		Sep. 30, 2020
Debt Instrument, Interest Rate, Stated Percentage		4.50%
Reven Housing Alabama, LLC [Member] | Notes Payable to Banks [Member]
Note
Long-term Debt, Gross		$ 0	$ 3,793,920
Maturity Date		Jan. 31, 2023
Debt Instrument, Interest Rate, Stated Percentage		4.25%

NOTES PAYABLE (Details Textual)

NOTES PAYABLE (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 28, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Notes Payable [Line Items]
Debt Instrument, Maturity Date	Oct. 1, 2025
Interest Expense, Debt		$ 441,341	$ 342,253	$ 1,277,105	$ 967,410
Amortization of Financing Costs		50,994	39,998	152,982	108,117
Debt Instrument, Interest Rate, Stated Percentage	4.74%
Debt Instrument, Face Amount	$ 51,362,000
Proceeds From Notes Payable	33,000,000			54,098,630	7,968,633
Payments to Acquire Real Estate	17,000,000
Secured Debt	12,800,000	757,683		757,683		$ 697,379
Gain (Loss) on Extinguishment of Debt	$ 642,845	(642,845)	$ 0	(642,845)	$ 0
Notes Payable to Banks [Member]
Notes Payable [Line Items]
Debt Issuance Costs, Net		$ 1,279,163		$ 1,279,163		$ 512,462

STOCKHOLDERS' EQUITY AND STOC_2

STOCKHOLDERS' EQUITY AND STOCK COMPENSATION (Details Textual) - USD ($)	1 Months Ended			3 Months Ended	9 Months Ended	12 Months Ended
	Oct. 31, 2018	Jan. 31, 2018	Oct. 16, 2014	Sep. 30, 2018	Sep. 30, 2018	Dec. 31, 2016
STOCKHOLDERS' EQUITY AND STOCK COMPENSATION [Line Items]
Stock Issued During Period, Shares, Issued for Services		35,505
Allocated Share-based Compensation Expense					$ 425,000
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period		35,505
Sharebased Compensation Arrangement by Sharebased Payment Award Warrants Exercises in Period				175,544
Proceeds from Warrant Exercises				$ 702,176
Warrants Expiration Period				Sep. 27, 2018
Shares To Be Repurchased Description					$500,000 of our outstanding common stock
Shares Issued, Price Per Share	$ 0.01
Incentive Compensation Plan 2012 [Member]
STOCKHOLDERS' EQUITY AND STOCK COMPENSATION [Line Items]
Stock Issued During Period, Shares, Issued for Services			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
Private Placement [Member]
STOCKHOLDERS' EQUITY AND STOCK COMPENSATION [Line Items]
Warrants To Purchase Common Stock					263,588
Share Price				$ 4	$ 4
Subsequent Event [Member] | Director [Member]
STOCKHOLDERS' EQUITY AND STOCK COMPENSATION [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period	9,918

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Income Tax Disclosure [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Domestic		$ 5,350,000
Federal Tax Loss Carry Forwards Expiration	expire in 2032

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Related Party Transaction [Line Items]
Operating Leases, Rent Expense			$ 500
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Operating Leases, Rent Expense, Sublease Rentals	$ 1,500	$ 1,500	$ 4,500	$ 4,500

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Textual) $ in Millions	1 Months Ended
	Oct. 31, 2018USD ($)
Subsequent Event [Member]
Other Commitments [Line Items]
Long-term Purchase Commitment, Amount	$ 22.4