Resource Real Estate Opportunity REIT II (RREO) 10-K 30 Mar 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 23, 2015	Jun. 30, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	Resource Real Estate Opportunity REIT II, Inc.
Entity Central Index Key	1559484
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Document Type	10-K
Document Period End Date	31-Dec-14
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Amendment Flag	FALSE
Entity Common Stock, Shares Outstanding		12,653,262
Entity Public Float			$0

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
Investments:
Rental properties, net	$54,703,305	$0
Identified intangible assets, net	1,176,061	0
Investments	55,879,366	0
Cash	15,780,579	200,644
Restricted cash	725,305	0
Tenant receivables	5,746	0
Due from related parties	34,025	0
Subscriptions receivable	3,819,991	0
Prepaid expenses and other assets	774,338	0
Deferred offering costs	3,618,954	0
Deferred financing costs, net	581,783	0
Total assets	81,220,087	200,644
Liabilities:
Mortgage notes payable	38,540,000	0
Accounts payable and accrued expenses	857,897	0
Due to related parties	3,851,263	0
Tenant prepayments	30,704	0
Security deposits	68,696	0
Distribution payable	259,379	0
Total liabilities	43,607,939	0
Stockholders’ equity:
Preferred stock (par value $.01, 10,000,000 shares authorized, none issued and outstanding)	0	0
Common stock	47,596	150
Additional paid-in capital	42,148,473	199,350
Accumulated other comprehensive loss	-34,468	0
Accumulated (deficit) earnings	-4,549,953	644
Total stockholders’ equity	37,612,148	200,644
Total liabilities and stockholders’ equity	81,220,087	200,644
Convertible Stock [Member]
Stockholders’ equity:
Common stock	500	500
Total stockholders’ equity	$500	$500

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parentheticals) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	4,759,567	15,000
Common stock, shares outstanding (in shares)	4,759,567	15,000
Convertible Stock [Member]
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	50,000	50,000
Common stock, shares issued (in shares)	50,000	50,000
Common stock, shares outstanding (in shares)	50,000	50,000	0

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive (Loss) Income (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Rental income	$991,543	$0
Interest income	8,251	451
Total revenues	999,794	451
Expenses:
Rental operating	689,325	0
Acquisition costs	1,588,944	0
Management fees - related parties	127,496	0
General and administrative	1,472,181	0
Loss on disposal of assets	198,840	0
Depreciation and amortization expense	531,058	0
Total expenses	4,607,844	0
(Loss) income before other expense	-3,608,050	451
Other expense:
Interest expense	158,842	0
Net (loss) income	-3,766,892	451
Other comprehensive loss:
Designated derivative, fair value adjustment	-34,468	0
Comprehensive (loss) income	($3,801,360)	$451
Weighted average common shares outstanding (in shares)	1,680,062	19,849
Basic and diluted (loss) earnings per common share (in dollars per share)	($2.24)	$0.02

Consolidated_Statement_of_Chan

Consolidated Statement of Changes in Stockholders' Equity (USD $)	Total	Convertible Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings/(Accumulated Deficit) [Member]
Balance, beginning of period at Dec. 31, 2012	$200,193	$0	$200	$199,800	$0	$193
Balance, beginning of period (in shares) at Dec. 31, 2012		0	20,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of common stock to convertible stock	0	500	-50	-450
Conversion of common stock to convertible stock (in shares)		50,000	-5,000
Designated derivative, fair value adjustment	0
Net (loss) income	451					451
Balance, end of period at Dec. 31, 2013	200,644	500	150	199,350	0	644
Balance, beginning of period (in shares) at Dec. 31, 2013	15,000	50,000	15,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock	46,748,354	0	47,024	46,701,330		0
Issuance of stock (in shares)		0	4,702,399
Distributions of common stock	0		196	195,346		-195,542
Distributions of common stock (in shares)			19,554
Syndication costs	-5,162,160			-5,162,160
Common stock issued through distribution reinvestment plan	0		226	214,607		-214,833
Common stock issued through dividend reinvestment plan (in shares)			22,614
Distributions declared	-373,330					-373,330
Designated derivative, fair value adjustment	-34,468				-34,468
Net (loss) income	-3,766,892					-3,766,892
Balance, end of period at Dec. 31, 2014	$37,612,148	$500	$47,596	$42,148,473	($34,468)	($4,549,953)
Balance, beginning of period (in shares) at Dec. 31, 2014	4,759,567	50,000	4,759,567

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net (loss) income	($3,766,892)	$451
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Loss on disposal of assets	198,840	0
Depreciation and amortization	531,058	0
Amortization of deferred financing costs	9,581	0
Changes in operating assets and liabilities:
Restricted cash	-725,305	0
Tenant receivables, net	-5,746	0
Due from related party	-34,025	0
Prepaid expenses and other assets	-642,278	0
Due to related parties	2,384,199	0
Accounts payable and accrued expenses	452,781	0
Tenant prepayments	17,379	0
Security deposits	6,397	0
Net cash (used in) provided by operating activities	-1,574,011	451
Cash flows from investing activities
Property acquisitions	-56,434,350	0
Capital expenditures	-109,264	0
Net cash used in investing activities	-56,543,614	0
Cash flows from financing activities:
Proceeds from issuance of common stock	42,928,363	0
Payment of deferred financing costs	-591,364	0
Deferred offering costs	-1,815,856	0
Increase in borrowings	39,862,000	0
Repayments on borrowings	-1,322,000	0
Purchase of interest rate caps	-87,470	0
Distributions paid on common stock	-113,952	0
Syndication costs	-5,162,161	0
Net cash provided by financing activities	73,697,560	0
Net increase in cash	15,579,935	451
Cash at beginning of period	200,644	200,193
Cash at end of period	$15,780,579	$200,644

Nature_of_Business_and_Operati

Nature of Business and Operations	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business and Operations	NOTE 1 - NATURE OF BUSINESS AND OPERATIONS
	Resource Real Estate Opportunity REIT II, Inc. (the “Company”) was organized in Maryland on September 28, 2012. The Company is offering up to 100,000,000 shares of common stock in its primary initial public offering for $10 per share, with volume discounts available to investors who purchase $1.0 million or more of shares through the same participating broker-dealer. Discounts are also available for other categories of investors. The Company is also offering up to 10,000,000 shares pursuant to the Company’s distribution reinvestment plan at a purchase price initially equal to $9.50 per share. The Company has adopted a fiscal year ending December 31. On February 6, 2014, the Securities and Exchange Commission (the “SEC”) declared effective the Company's Registration Statement on Form S-11, as amended (Commission File No. 333-184476) (the “Registration Statement”), relating to the offering of up to 110,000,000 shares of the Company’s common stock, including shares offered pursuant to the Company's distribution reinvestment plan.
	Resource Real Estate Opportunity Advisor II, LLC (the "Advisor”) is a wholly owned subsidiary of Resource Real Estate, Inc. (the "Sponsor") and an indirect wholly owned subsidiary of Resource America, Inc. (“RAI”), a publicly traded company (NASDAQ: REXI) operating in the real estate, financial fund management and commercial finance sectors. The Advisor acts as the Company's external advisor and manages the Company's day-to-day operations and its portfolio of real estate investments and provides asset-management, marketing, investor relations and other administrative services on the Company's behalf, all subject to the supervision of the Company's Board of Directors. On October 9, 2012, the Advisor contributed $200,000 to the Company in exchange for 20,000 shares of common stock. On December 20, 2013, the Advisor received 50,000 shares of convertible stock in exchange for 5,000 shares of the Company’s common stock. The Advisor purchased an additional 117,778 shares of common stock in 2014 for $1.1 million.
	On June 2, 2014, the Company satisfied the $2.0 million minimum offering amount for its initial public offering, broke escrow and issued shares of common stock in the offering. The Company subsequently raised the minimum New York offering amount of $2.5 million on June 4, 2014. On October 21, 2014, the Company raised the minimum Ohio offering amount of $20.0 million; and on January 8, 2015, the Company raised the minimum Pennsylvania offering amount of $50.0 million. As of December 31, 2014, a total of 4,759,567 shares, including shares purchased by the Advisor and shares issued through the distribution reinvestment plan, have been issued in connection with the Company's public offering resulting in gross offering proceeds of $47.1 million. As of December 31, 2014, the Company had issued 22,614 shares for $214,833 pursuant to its distribution reinvestment plan.
	The Company’s objective is to take advantage of the Sponsor's dedicated multifamily investing and lending platforms to invest in multifamily assets across the entire spectrum of investments in order to provide stockholders with growing cash flow and increasing asset values. The Company’s targeted portfolio will consist, at the time of acquisition, of commercial real estate assets, principally (i) underperforming multifamily rental properties which the Company will renovate and stabilize in order to increase rents, (ii) distressed real estate owned by financial institutions, usually as a result of foreclosure, and non-performing or distressed loans, including first- and second-priority mortgage loans and other loans which the Company will resolve, and (iii) performing loans, including first- and second-priority mortgage loans and other loans the Company originates or purchases either directly or with a co-investor or joint venture partner.
	The Company intends to elect and qualify to be taxed as a real estate investment trust (“REIT”) for U.S. federal income tax purposes under the provisions of the Internal Revenue Code of 1986, as amended, commencing with its taxable year ended December 31, 2014. As such, to maintain its REIT qualification for U.S. federal income tax purposes, the Company is generally required to distribute at least 90% of its net income (excluding net capital gains) to its stockholders as well as comply with certain other requirements. Accordingly, the Company generally will not be subject to U.S. federal income taxes to the extent that it annually distributes at least 90% of its REIT taxable income to its stockholders. The Company also intends to operate its business in a manner that will permit it to maintain its exemption from registration under the Investment Company Act of 1940, as amended.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries as follows:
	Subsidiary		Apartment Complex	Number of Units	Property Location
	RRE Opportunity Holdings II, LLC		N/A	N/A	N/A
	RRE Opportunity OP II, LP		N/A	N/A	N/A
	RRE Bear Creek Holdings, LLC ("Bear Creek")		Bear Creek	152	Dallas, TX
	RRE Oak Hill Holdings, LLC ("Oak Hill")		Oak Hill	360	Fort Worth, TX
	N/A - Not Applicable
	All intercompany accounts and transactions have been eliminated in consolidation.
	Use of Estimates
	The preparation of the consolidated financial statements in conformity with Generally Accepted Accounting Principles ("GAAP") requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
	Concentration of Credit Risk
	Financial instruments, which potentially subject the Company to concentration of credit risk, consist of periodic temporary deposits of cash. At December 31, 2014, the Company had $15.8 million of deposits at various banks, $14.8 million of which was greater than the insurance limit of the Federal Deposit Insurance Corporation. No losses have been experienced on such deposits.
	Real Estate Investments
	The Company records acquired real estate at fair value. The Company considers the period of future benefit of an asset to determine its appropriate useful life. The Company's estimated useful lives of its assets by class are as follows:
	Buildings	27.5 years
	Building improvements	3.0 to 27.5 years
	Tenant improvements	Expected useful life
	Lease intangibles	Remaining term of related lease
	Impairment of Long Lived Assets
	When circumstances indicate the carrying value of a property may not be recoverable, the Company reviews the asset for impairment. This review is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property’s use and eventual disposition. These estimates consider factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors.
	If impairment exists, due to the inability to recover the carrying value of a property, an impairment loss will be recorded to the extent that the carrying value exceeds the estimated fair value of the property for properties to be held and used. For properties held for sale, the impairment loss is the adjustment to fair value less estimated cost to dispose of the asset. These assessments have a direct impact on net income because recording an impairment loss results in an immediate negative adjustment to net income. There were no impairments as of December 31, 2014.
	Allocation of Purchase Price of Acquired Assets
	Upon the acquisition of real properties, the Company allocates the purchase price of properties to acquired tangible assets, consisting of land, buildings, fixtures and improvements, identified intangible lease assets, consisting of the value of above-market and below-market leases, as applicable, the value of in-place leases, the value of tenant relationships, and liabilities, based in each case on their fair values.
	Fair value estimates are based on information obtained from a number of sources, including information obtained about each property as a result of pre-acquisition due diligence, marketing and leasing activities. In addition, the Company may obtain independent appraisal reports. The information in the appraisal reports, along with the aforementioned information available to the Company's management, is used in allocating the purchase price. The independent appraisers have no involvement in management's allocation decisions other than providing market information.
	The Company records above-market and below-market in-place lease values for acquired properties based on the present value (using an interest rate that reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over a period equal to the remaining non-cancelable term of the lease. The Company amortizes any capitalized above-market or below-market lease values as an increase or reduction to rental income over the remaining non-cancelable terms of the respective leases.
	The Company measures the aggregate value of other intangible assets acquired based on the difference between (i) the property valued with existing in-place leases adjusted to market rental rates and (ii) the property valued as if vacant. Management’s estimates of value are expected to be made using methods similar to those used by independent appraisers (e.g., discounted cash flow analysis). Factors to be considered by management in its analysis include an estimate of carrying costs during hypothetical expected lease-up periods considering current market conditions and costs to execute similar leases.
	The Company also considers information obtained about each property as a result of its pre-acquisition due diligence, marketing and leasing activities in estimating the fair value of the tangible and intangible assets acquired. In estimating carrying costs, management includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods. Management also estimates costs to execute similar leases including leasing commissions and legal and other related expenses to the extent that such costs have not already been incurred in connection with a new lease origination as part of the transaction.
	The total amount of other intangible assets acquired is further allocated to customer relationship intangible values based on management’s evaluation of the specific characteristics of each tenant’s lease and the Company’s overall relationship with that respective tenant. Characteristics considered by management in allocating these values include the nature and extent of the Company’s existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality and expectations of lease renewals (including those existing under the terms of the lease agreement), among other factors.
	The Company amortizes the value of in-place leases to expense over the remaining term of the respective leases. The value of customer relationship intangibles is amortized to expense over the initial term and any renewal periods in the respective leases, but in no event do amortization periods for the intangible assets exceed the remaining depreciable life of the building. Should a tenant terminate its lease, the unamortized portion of the in-place lease value and customer relationship intangibles would be charged to expense in that period.
	The determination of the fair value of the assets and liabilities acquired requires the use of significant assumptions with regard to current market rental rates, discount rates and other variables. These estimates are subject to change until all information is finalized, which is generally within one year of the acquisition date.
	Derivatives and Hedging Activities
	Risk Management Objective of Using Derivatives
	The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s investments and borrowings.
	As a condition of the Company’s mortgage loan, from time to time the Company may be required to enter into certain derivative transactions as may be required by the lender. These transactions would generally be in line with the Company’s own risk management objectives and also serve to protect the lender.
	Cash Flow Hedges of Interest Rate Risk
	The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company entered into interest rate caps that were designated as cash flow hedges during 2014. Interest rate caps designated as cash flow hedges involve the receipt of variable amounts from a counterparty if interest rates rise above the strike rate on the contract in exchange for an up-front premium.
	The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. During the year ended December 31, 2014, such derivatives were used to hedge the variable cash flows, indexed to USD- London InterBank Offered Rate ("LIBOR"), associated with an existing variable-rate loan agreement. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. During the year ended December 31, 2014, the Company did not record any hedge ineffectiveness in earnings.
	Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt.
	Revenue Recognition
	The Company recognizes minimum rent, including rental abatements and contractual fixed increases attributable to operating leases, on a straight-line basis over the term of the related lease and includes amounts expected to be received in later years in deferred rents. The Company records property operating expense reimbursements due from tenants for common area maintenance, real estate taxes and other recoverable costs in the period the related expenses are incurred.
	The specific timing of a sale is measured against various criteria related to the terms of the transaction and any continuing involvement associated with the property. If the criteria for profit recognition under the full-accrual method are not met, the Company defers the gain recognition and accounts for the continued operations of the property by applying the percentage-of-completion, reduced profit, deposit, installment or cost recovery methods, as appropriate, until the appropriate criteria are met.
	The future minimum rental payments to be received from noncancelable operating leases are $3.7 million and $85,000 for the years ending December 31, 2015 and 2016, and none thereafter.
	Tenant Receivables
	The Company makes estimates of the collectability of its tenant receivables related to base rents, including straight-line rentals, expense reimbursements and other revenue or income. The Company specifically analyzes accounts receivable and historical bad debts, tenant creditworthiness, current economic trends when evaluating the adequacy of the allowance for doubtful accounts. In addition, with respect to tenants in bankruptcy, the Company makes estimates of the expected recovery of pre-petition and post-petition claims in assessing the estimated collectability of the related receivable. In some cases, the ultimate resolution of these claims can exceed one year.
	Income Taxes
	The Company intends to elect and qualify to be taxed as a REIT, commencing with its taxable year ended December 31, 2014. Accordingly, the Company will generally not be subject to corporate U.S. federal or state income tax to the extent that it makes qualifying distributions to its stockholders, and provided it satisfies on a continuing basis, through actual investment and operating results, the REIT requirements including certain asset, income, distribution and stock ownership tests. If the Company fails to qualify as a REIT, and does not qualify for certain statutory relief provisions, it will be subject to U.S. federal, state and local income taxes and may be precluded from qualifying as a REIT for the subsequent four taxable years following the year in which it lost its REIT qualification. Accordingly, the Company’s failure to qualify as a REIT could have a material adverse impact on its results of operations and amounts available for distribution to its stockholders.
	The dividends paid deduction of a REIT for qualifying dividends to its stockholders is computed using the Company’s taxable income as opposed to net income reported on the financial statements. Taxable income, generally, will differ from net income reported on the financial statements because the determination of taxable income is based on tax provisions and not financial accounting principles.
	The Company may elect to treat certain of its subsidiaries as taxable REIT subsidiaries (“TRSs”). In general, the Company’s TRS may hold assets and engage in activities that it cannot hold or engage in directly and generally may engage in any real estate or non-real estate-related business. A TRS is subject to U.S. federal, state and local corporate income taxes.
	While a TRS may generate net income, a TRS can declare dividends to the Company which will be included in the Company’s taxable income and necessitate a distribution to its stockholders. Conversely, if the Company retains earnings at a TRS level, no distribution is required and the Company can increase book equity of the consolidated entity.
	Earnings Per Share
	Basic earnings per share is calculated on the basis of weighted-average number of common shares outstanding during the year. Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted to common stock. Due to reported losses for the periods presented, the convertible shares (discussed in Note 12) are not included in the diluted earnings per share calculation. All common shares and per common share information in the financial statements have been adjusted retroactively for the effect of one 0.625% stock distribution, issued on July 14, 2014, one 1.00% stock distribution, issued October 15, 2014, and one 0.83333% stock distribution, issued on January 15, 2015.
	Organization and Offering Costs
	The Company incurs organizational, accounting, and offering costs in connection with its ongoing initial public offering. Organization and offering costs (other than selling commissions and dealer-manager fees) of the Company are initially paid by the Advisor on behalf of the Company. Offering costs are discussed in more detail below under the heading "Deferred Offering Costs." Organization costs are expensed as incurred and include all expenses to be incurred by the Company in connection with the formation of the Company, including but not limited to legal fees and other costs to incorporate the Company.
	Pursuant to the Amended and Restated Advisory Agreement between the Company and the Advisor dated January 9, 2014 (the “Advisory Agreement”), the Company is obligated to reimburse the Advisor for organizational and offering costs it incurs on the Company's behalf, but only to the extent that such reimbursements will not cause organizational and offering expenses (other than selling commissions and the dealer manager fees) to exceed 2.5% of the gross offering proceeds raised in the offering, when recorded by the Company. As of December 31, 2014, a total of $2.3 million in reimbursable organizational and offering costs incurred on behalf of the Company by the Advisor has yet to be reimbursed by the Company. These costs are included in due to related parties on the consolidated balance sheet as of December 31, 2014.
	Deferred Offering Costs
	Through December 31, 2014, the Company has incurred $4.4 million for the payment of public offering costs consisting of accounting, advertising, allocated payroll, due diligence, marketing, legal and similar costs. As of December 31, 2014, the Advisor has advanced $3.0 million of these costs on behalf of the Company. A portion of these costs was charged to equity upon the sale of each share of common stock sold under the public offering. Similarly, a portion of the proceeds received from the sales of shares in the Company's public offering was paid to the Advisor to reimburse it for the amount incurred on behalf of the Company. Deferred offering costs represent the portion of the total costs incurred that have not been charged to equity to date. As of December 31, 2014, the Company has reimbursed $734,493 of deferred offering costs to the Advisor. Upon completion of the public offering, any excess deferred offering costs in excess of the limit on organization and offering costs discussed above, will be charged back to the Advisor.
	New Accounting Standards
	In June 2014, the Financial Accounting Standards Board ("FASB") issued authoritative guidance to change the criteria for reporting development stage entities. Under the new guidance, the requirement to present inception-to-date information on the statement of operations, cash flows and statement of equity has been eliminated. In addition, financial statements no longer need to be labeled as those of a development stage entity, disclosure of a description of the development stage activities in which the entity is engaged is no longer required, and disclosing in the first year the company is no longer a development stage entity and that in prior years it had been in the development stage is also no longer required. The Company's early adoption of this guidance, as of January 1, 2014, did not have a material impact on its consolidated financial position, results of operations or cash flows.
	Accounting Standards Issued But Not Yet Effective
	In May 2014, FASB issued Accounting Standards Update No. 2014-09, “Revenue from Contracts with Customers” ("ASU No. 2014-09"), which will replace most existing revenue recognition guidance in GAAP. The core principle of ASU No. 2014-09 is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services. ASU No. 2014-09 requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. ASU No. 2014-09 will be effective for the Company beginning January 1, 2017, including interim periods in 2017, and allows for both retrospective and prospective methods of adoption. The Company is in the process of determining the method of adoption and assessing the impact of ASU No. 2014-09 on the Company's consolidated financial position, results of operations and cash flows.
	In January 2015, FASB issued ASU No. 2015-01, "Income Statement - Extraordinary and Unusual Items (Subtopic 225-20), Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items" (“ASU No. 2015-01”). The amendments in ASU No. 2015-01 eliminate from GAAP the concept of extraordinary items. Although the amendment will eliminate the requirements for reporting entities to consider whether an underlying event or transaction is extraordinary, the presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include items that are both unusual in nature and infrequently occurring. ASU No. 2015-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company does not expect the adoption of ASU No. 2015-01 to have a significant impact on its financial statements.

Supplemental_Cash_Flow_Informa

Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2014
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	NOTE 3 - SUPPLEMENTAL CASH FLOW INFORMATION
	The following table presents supplemental cash flow information:
		Years Ended
		December 31,
		2014		2013
	Non-cash financing and investing activities:
	Increase in subscription receivables	$	3,819,991	$	—
	Cash distributions on common stock declared but not yet paid	259,379		—
	Stock issued from distribution reinvestment plan	195,542		—
	Stock distributions issued	214,833		—
	Deferred offering costs	1,803,098		—
	Due to related parties	1,467,064		—
	Cash paid during the period for:
	Interest	$	133,036	$	—

Restricted_Cash

Restricted Cash	12 Months Ended
	Dec. 31, 2014
Cash and Cash Equivalents [Abstract]
Restricted Cash	NOTE 4 - RESTRICTED CASH
	Restricted cash represents escrow deposits with lenders to be used to pay real estate taxes, insurance, and capital improvement. A summary of the components of restricted cash follows:
		December 31,		December 31,
		2014		2013
	Real estate taxes	$	128,871	$	—
	Insurance	157,600		—
	Capital improvements	438,834		—
	Total	$	725,305	$	—

Rental_Properties_Net

Rental Properties, Net	12 Months Ended
	Dec. 31, 2014
Real Estate [Abstract]
Rental Properties, Net	NOTE 5 - RENTAL PROPERTIES, NET
	The Company’s investments in rental properties consisted of the following:
		December 31,			December 31, 2013
		2014
	Land	$	6,723,368		$	—
	Building and improvements	47,546,786			—
	Furniture, fixtures and equipment	612,846			—
		54,883,000			—
	Less: accumulated depreciation	(179,695		)	—
		$	54,703,305		$	—
	Depreciation expense for the years ended December 31, 2014 and 2013 was $179,695 and $0, respectively.

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
Acquisitions	NOTE 6 - ACQUISITIONS
	As of December 31, 2014, the Company owned two properties. The table below summarizes these acquisitions and the respective fair values assigned:
	Multifamily		City and State		Date of		Purchase			Land		Building and		Furniture, Fixture and Equipment		Intangible Assets		Other			Fair Valued
	Community Name				Acquisition		Price (1)					Improvements						Liabilities			Assigned
	Bear Creek		Dallas, TX		6/4/14		$	9,500,000		$	1,888,982	$	7,060,815	$	198,840	$	351,363	$	(84,732	)	$	9,415,268
	Oak Hill		Fort Worth, TX		12/19/14		47,000,000			4,834,386		40,485,971		503,582		1,176,061		(59,977		)	46,940,023
	-1	Purchase price excludes closing costs and acquisition expenses.
	On June 4, 2014, the Company acquired its first investment, a 152-unit, multifamily apartment community located in Dallas, Texas known as Bear Creek, for $9.5 million, excluding closing costs. The Company paid an acquisition fee of $264,239, or 2% of the purchase price (including closing costs and any amounts reserved for capital expenditures), to the Advisor.
	The following table reflects the fair value of the net assets acquired:
	Rental property:
	Land	$	1,888,982
	Buildings	7,060,815
	Personal property	198,840
		9,148,637
	Acquired intangibles - in-place leases	351,363
	Accrued real estate taxes	(69,085		)
	Prepaid rents	(163		)
	Security deposits	(15,484		)
	Fair value assigned	$	9,415,268
	On December 19, 2014, the Company acquired a 360-unit, multifamily apartment community located in Fort Worth, Texas known as Oak Hill, for $47.0 million, excluding closing costs. The Company paid an acquisition fee of $1.1 million, or 2% of the purchase price (including closing costs and any amounts reserved for capital expenditures), to the Advisor.
	The following table reflects the fair value of the net assets acquired:
	Rental property:
	Land	$	4,834,386
	Buildings	40,485,971
	Personal property	503,582
		45,823,939
	Acquired intangibles - in-place leases	1,176,061
	Accrued real estate taxes	—
	Prepaid rents	(13,162		)
	Security deposits	(46,815		)
	Fair value assigned	$	46,940,023
	The table below summarizes the total revenues, net loss, and acquisition costs of the Company's 2014 acquisitions:
				Years Ended
				December 31,
	Multifamily Community			2014				2013
	Bear Creek
		Total Revenues		$	821,576			$	—
		Net Loss		(748,500		)		—
		Acquisition Costs		329,709				—
	Oak Hill
		Total Revenues		$	170,097			$	—
		Net Loss		(82,184		)		—
		Acquisition Costs		1,259,235				—

Identified_Intangible_Assets_N

Identified Intangible Assets, Net	12 Months Ended
	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Identified Intangible Assets, Net	IDENTIFIED INTANGIBLE ASSETS, NET
	Identified intangible assets, net, consist of rental leases. The value of acquired in-place leases totaled $1.5 million and $-0- as of December 31, 2014 and 2013, respectively, less accumulated amortization of $351,363 and $-0-
	, respectively. The weighted average remaining life of the rental leases is eight months as of December 31, 2014. Expected amortization for the rental leases for the next 12 months is $1.2 million. For the year ended December 31, 2014, amortization expense totaled $351,363. There was no amortization expense for year ended December 31, 2013.

Mortgage_Notes_Payable

Mortgage Notes Payable	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Mortgage Notes Payable	MORTGAGE NOTES PAYABLE
	The following is a summary of the Company's mortgage notes payable as of December 31, 2014:
			Balance Outstanding at		Maturity	Interest Rate		Average		Interest Expense
					Date			Monthly Debt		Incurred for the
	Collateral		31-Dec-14			31-Dec-14		Service		Year ended December 31, 2014
	Bear Creek		$	7,465,000	7/1/24	2.54	%	$	15,901	$	110,302
	Oak Hill		31,075,000		1/1/25	2.07	%	54,323		36,557
			$	38,540,000
	On June 4, 2014, in connection with the acquisition of Bear Creek, the Company entered into a $7.5 million, 10-year secured mortgage loan with Berkadia Commercial Mortgage, LLC (the "Bear Creek Mortgage Loan"), secured by the property. The Bear Creek Mortgage Loan, which matures on July 1, 2024, bears interest at a floating rate of one-month LIBOR plus 2.37%. As of December 31, 2014, the interest rate was 2.54%. Monthly payments are initially interest only. Beginning with the August 2018 payment, monthly payments will include interest and principal in the amount of approximately $23,432 per month.
	On December 19, 2014, in connection with the acquisition of Oak Hill, the Company entered into a $31.1 million, secured mortgage loan with M&T Reality Capital Corporation (the "Oak Hill Mortgage Loan"), secured by the property. The Oak Hill Mortgage Loan, which matures on January 1, 2025, bears interest at a floating rate of one-month LIBOR plus 1.90%. As of December 31, 2014, the interest rate was 2.07%. Monthly payments are initially interest only. Beginning with the February 2017 payment, monthly payments will include interest and principal in the amount of approximately $109,047 per month.
	Annual principal payments on the mortgage notes payable for each of the next five years ending December 31, and thereafter, are as follows:
	2015	$	—
	2016	—
	2017	590,509
	2018	680,324
	2019	730,909
	Thereafter	36,538,258
		$	38,540,000

Deferred_Financing_Costs

Deferred Financing Costs	12 Months Ended
	Dec. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Financing Costs	DEFERRED FINANCING COSTS
	Deferred financing costs incurred to obtain financing are amortized over the term of the related debt. As of December 31, 2014 and December 31, 2013, there were $9,581 and $-0-, respectively, of accumulated amortization of deferred financing costs. Amortization of deferred financing costs for the next five years ending December 31, and thereafter, are as follows:
	2015	$	58,112
	2016	62,137
	2017	61,607
	2018	60,653
	2019	59,547
	Thereafter	279,727
		$	581,783

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Accumulated Other Comprehensive Loss	ACCUMULATED OTHER COMPREHENSIVE LOSS
	The following table presents the changes in accumulated other comprehensive loss for the year ended December 31, 2014:
		Net unrealized loss on derivatives
	January 1, 2014	$	—
	Unrealized loss on designated hedge	(34,468		)
	December 31, 2014	$	(34,468	)

Related_Party_Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS
	Pursuant to the terms of the Advisory Agreement, the Advisor provides the Company with its management team, including its officers, along with appropriate support personnel. The Advisor will be reimbursed for the Company’s allocable share of costs for Advisor personnel, including allocable personnel salaries and benefits. Each of the Company’s officers is an employee of the Sponsor or one of its affiliates. The Company does not have any employees. The Advisor is not obligated to dedicate any specific portion of its time or the time of its personnel to the Company’s business. The Advisor is at all times subject to the supervision and oversight of the Company’s Board of Directors and has only such functions and authority as the Company delegates to it.
	During the course of the offering, the Advisor will provide offering-related services to the Company and will advance funds to the Company for both operating costs and organization and offering costs. These amounts will be reimbursed to the Advisor from the proceeds from the offering, although there can be no assurance that the Company’s plans to raise capital will be successful. As of December 31, 2014, the Advisor has incurred costs on a cumulative basis on behalf of the Company of approximately $3.0 million.
	Relationship with the Advisor
	The Advisory Agreement has a one-year term and renews for an unlimited number of successive one-year terms upon the approval of the conflicts committee of the Company's Board of Directors. Under the Advisory Agreement, the Advisor receives fees and is reimbursed for its expenses as set forth below:
	Acquisition fees. The Advisor earns an acquisition fee of 2.0% of the cost of investments acquired on behalf of the Company, plus any capital expenditure reserves allocated, or the amount funded by the Company to acquire loans, including acquisition expenses and any debt attributable to such investments.
	Asset management fees. The Advisor earns a monthly asset management fee equal to one-twelfth of 1.0% of the cost of each asset, without deduction for depreciation, bad debts or other non-cash reserves. The asset management fee is based only on the portion of the costs or value attributable to the Company’s investment in an asset if the Company does not own all or a majority of an asset and does not manage or control the asset.
	Disposition fees. The Advisor earns a disposition fee in connection with of the sale of a property equal to the lesser of one-half of the aggregate brokerage commission paid, or if none is paid, 2.0% of the contract sales price. No properties were sold during the year ended December 31, 2014 and, therefore, no disposition fees were earned.
	Debt financing fees. The Advisor earns a debt financing fee equal to 0.5% of the amount available under any debt financing obtained for which it provided substantial services.
	Expense reimbursements. The Company also pays directly or reimburses the Advisor for all of the expenses paid or incurred by the Advisor or its affiliates on behalf of the Company or in connection with the services provided to the Company in relation to its public offering, including its distribution reinvestment plan offering. This includes all organization and offering costs of up to 2.5% of gross offering proceeds. Reimbursements also include expenses the Advisor incurs in connection with providing services to the Company, including the Company’s allocable share of costs for Advisor personnel and overhead, out-of-pocket expenses incurred in connection with the selection and acquisition of properties or other real estate related debt investments, whether or not the Company ultimately acquires the investment. However, the Company will not reimburse the Advisor or its affiliates for employee costs in connection with services for which the Advisor earns acquisition or disposition fees.
	On June 4, 2014, the Advisor provided a $1.3 million bridge loan (the “Bridge Loan”) to the Company. The Company used the proceeds of the Bridge Loan to partially finance the acquisition of Bear Creek. The Bridge Loan, which was scheduled to mature on December 4, 2014, incurred interest at an annual rate of LIBOR plus 3.0%. The Company repaid the Bridge Loan in full on June 30, 2014 and paid $2,242 in interest during the year ended December 31, 2014.
	Relationship with RAI
	The receivable from related party includes escrow funds held by RAI for self insurance. The Company's properties participate in an insurance pool with other properties directly and indirectly managed by RAI. RAI holds the escrow funds related to the insurance pool on its books. The insurance pool covers losses up to $2.5 million. Catastrophic insurance would cover losses in excess of the insurance pool up to $85 million. Therefore, unforeseen or catastrophic losses in excess of the Company's insured limits could have a material adverse effect on the Company's financial condition and operating results.
	Relationship with Resource Real Estate Opportunity Manager II
	Resource Real Estate Opportunity Manager II, LLC (the “Manager”), an affiliate of the Advisor, manages real estate properties and real estate-related debt investments and coordinates the leasing of, and manages construction activities related to the Company’s real estate property pursuant to the terms of the management agreement with the Manager.
	Property management fees. The Manager earns a property management fee equal to 4.5% of actual gross cash receipts from the operations of real property investments.
	Construction management fees. The Manager earns a construction management fee of 5.0% of actual aggregate costs to construct improvements, or to repair, rehab or reconstruct a property. No construction management fees were earned during the year ended December 31, 2014.
	Debt servicing fees. The Manager earns a debt servicing fee of 2.75% on payments received from loans held by the Company for investment. No debt servicing fees were earned during the year ended December 31, 2014.
	Expense reimbursement. During the ordinary course of business, the Manager or other affiliates of RAI may pay certain shared operating expenses on behalf of the Company.
	Relationship with Resource Securities
	Resource Securities, Inc. (“Resource Securities”), an affiliate of the Advisor, serves as the Company’s dealer-manager and is responsible for marketing the Company’s shares during the primary portion of its public offering. Pursuant to the terms of the dealer-manager agreement with Resource Securities, the Company pays Resource Securities a selling commission of up to 7% of gross primary offering proceeds and a dealer-manager fee of up to 3% of gross primary offering proceeds. Resource Securities reallows all selling commissions earned and a portion of the dealer-manager fee as a marketing fee to participating broker-dealers. No selling commissions or dealer-manager fees are earned by Resource Securities in connection with sales under the distribution reinvestment plan. Additionally, the Company may reimburse Resource Securities for bona fide due diligence expenses.
	Relationship with Other Related Parties
	The Company utilizes the services of a printing company, Graphic Images, LLC (“Graphic Images”), the principal owner of which is the father of RAI’s Chief Financial Officer.
	The amounts receivable/payable and the fees earned/expenses incurred by such related parties are summarized in the following tables:
		December 31,			December 31,
		2014			2013
	Due from related parties:
	Resource Securities	$	3,944		$	—
	RAI - self-insurance funds held in escrow	30,081			—
		$	34,025		$	—
	Due to related parties:
	Advisor
	Asset management fees	$	28,456		—
	Organization and offering costs	2,272,325			$	—
	Operating expense reimbursements	1,145,784			—
	Manager
	Property management fees	6,391			—
	Expense reimbursements	39,592			—
	Resource Securities
	Selling commissions and dealer-manager fees	358,715			—
		$	3,851,263		$	—
	Graphic Images (1)	$	81,424		$	—
	(1) Included in Accrued expenses on the consolidated balance sheets.
			Years Ended
			December 31,
			2014			2013
	Fees earned / expenses incurred:
	Advisor
	Acquisition fees (1)		$	1,354,551		$	—
	Asset management fees (2)		$	88,253		$	—
	Debt financing fees (3)		$	192,700		$	—
	Organization and offering costs (4)		$	3,006,819		$	—
	Operating expense reimbursement (5)		$	1,115,426		$	—
	Interest expense (6)		$	2,242		$	—
	Manager
	Property management fees (2)		$	39,242		$	—
	Operating expense reimbursements (7)		$	54,123		$	—
	Resource Securities
	Selling commissions and dealer-manager fees (8)		$	4,399,256		$	—
	Other
	Graphic Images		$	364,972		$	—
	(1)     Included in Acquisition costs on the consolidated statements of operations and comprehensive (loss) income.
	(2)     Included in Management fees on the consolidated statements of operations and comprehensive (loss) income.
	(3)    Included in Deferred financing costs, net on the consolidated balance sheets.
(4)     Included in Deferred offering costs on the consolidated balance sheets.
(5)     Included in General and administrative on the consolidated statements of operations and comprehensive (loss) income.
(6)    Included in Interest expense on the consolidated statements of operations and comprehensive (loss) income.
(7)     Included in Due to Related Parties on the consolidated balance sheets.
(8)     Included in Stockholders' equity on the consolidated balance sheets.

Equity

Equity	12 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Equity	EQUITY
	Preferred Stock
	The Company’s charter authorizes the Company to issue 10,000,000 shares of its $0.01 par value preferred stock. As of December 31, 2014, no shares of preferred stock were issued or outstanding.
	Convertible Stock
	As of December 31, 2014, the Company had 50,000 shares of $0.01 par value convertible stock outstanding, which are owned by the Advisor. The convertible stock will convert into shares of the Company’s common stock upon the occurrence of (a) the Company having paid distributions to common stockholders that in the aggregate equal 100% of the price at which the Company originally sold the shares plus an amount sufficient to produce a 7% cumulative, non-compounded annual return on the shares at that price; or (b) if the Company lists its common stock on a national securities exchange and, on or after the 31st trading day following the listing, the Company’s value based on the average trading price of its common stock since the listing, plus prior distributions, combine to meet the same 7% return threshold.
	Common Stock
	As of December 31, 2014, the Company had an aggregate of 4,759,567 shares of $0.01 par value common stock outstanding, including the Advisor's additional purchase of 117,778 shares of common stock for $1.1 million, as follows:
		Shares Issued		Gross Proceeds
	Initial public offering	4,702,399		$	46,748,354
	Shares issued through stock distributions	19,554		—
	Shares issued through distribution reinvestment plan	22,614		214,833
	Advisor's initial investment, net of 5,000 share conversion	15,000		150,000
		4,759,567		$	47,113,187
	Distributions
	For the year ended December 31, 2014, the Company paid aggregate distributions of $328,785, including $113,952 of distributions paid in cash and $214,833 of distributions reinvested in shares of common stock through the Company's distribution reinvestment plan, as follows:
	Authorization Date	Per			Record Date	Distribution Date	Distributions invested in shares of Common Stock		Net Cash Distributions		Total Aggregate Distributions
		Common
		Share
	June 5, 2014	$	0.00068493		July 31, 2014	August 1, 2014	$	5,065	$	5,560	$	10,625
	June 5, 2014	0.00068493			August 31, 2014	September 2, 2014	11,086		8,844		19,930
	June 5, 2014	0.00068493			September 30, 2014	October 1, 2014	18,497		11,197		29,694
	October 6, 2014	0.00082192			October 30, 2014	October 31, 2014	27,143		13,970		41,113
	October 30, 2014	0.00068493			November 26, 2014	November 28, 2014	31,213		15,113		46,326
	November 13, 2014	0.00164384			December 30, 2014	December 31, 2014	121,829		59,268		181,097
							$	214,833	$	113,952	$	328,785
	On November 13, 2014, the Company's Board of Directors authorized cash distributions of $259,379 ($0.00164384 per common share) to stockholders of record for every day in the period from December 31, 2014 through January 29, 2015, which distributions were paid on January 30, 2015.
	On June 5, 2014, the Company's Board of Directors authorized a stock distribution of 0.00625 shares of common stock, or 0.625% of each outstanding share of common stock to the stockholders of record at the close of business on June 30, 2014. Such stock distribution was issued on July 14, 2014.
	On August 14, 2014, the Company's Board of Directors authorized a stock distribution of 0.01 shares of common stock, or 1.0% of each outstanding share of common stock to the stockholders of record at the close of business on September 30, 2014. Such stock distribution was issued on October 15, 2014.
	On November 19, 2014, the Company's Board of Directors authorized a stock distribution of 0.008333 shares of the Company's common stock, $0.01 par value per share, or 0.8333% of each outstanding share of common stock to the stockholders of record at the close of business on December 31, 2014. Such distribution was issued January 15, 2015.

Fair_Value_Measures_and_Disclo

Fair Value Measures and Disclosures	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value Measures and Disclosures	FAIR VALUE MEASURES AND DISCLOSURES
	In analyzing the fair value of its investments accounted for on a fair value basis, the Company follows the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.  The Company determines fair value based on quoted prices when available or, if quoted prices are not available, through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the investment. The fair values of cash, tenant receivables and accounts payable, approximate their carrying values due to their short nature.  The hierarchy followed defines three levels of inputs that may be used to measure fair value:
	Level 1 - Quoted prices in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date.
	Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset and liability or can be corroborated with observable market data for substantially the entire contractual term of the asset or liability.
	Level 3 - Unobservable inputs that reflect the entity’s own assumptions about the assumptions that market participants would use in the pricing of the asset or liability and are consequently not based on market activity, but rather through particular valuation techniques.
	The determination of where an asset or liability falls in the hierarchy requires significant judgment.  The Company evaluates its hierarchy disclosures each quarter; depending on various factors, it is possible that an asset or liability may be classified differently from quarter to quarter.  However, the Company expects that changes in classifications between levels will be rare.
	The fair value of rental properties is usually estimated based on information obtained from a number of sources, including information obtained about each property as a result of pre-acquisition due diligence, marketing and leasing activities.  The Company allocates the purchase price of properties to acquired tangible assets, consisting of land, buildings, fixtures and improvements, and identified intangible lease assets and liabilities, consisting of the value of above-market and below-market leases, as applicable, the value of in-place leases and the value of tenant relationships, based in each case on their fair values.
	Derivatives (interest rate caps) which are reported at fair value in the consolidated balance sheets are valued by a third party pricing agent using an income approach with models that use, as their primary inputs, readily observable market parameters. This valuation process considers factors including interest rate yield curves, time value, credit and volatility factors. (Level 2)
	The following table presents information about the Company's assets measured at fair value on a recurring basis and
	indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value as follows:
		Level 1		Level 2		Level 3		Total
	December 31, 2014
	Assets:
	Interest rate caps	$	—	$	53,002	$	—	$	53,002
		$	—	$	53,002	$	—	$	53,002
		Level 1		Level 2		Level 3		Total
	December 31, 2013
	Assets:
	Interest rate caps	$	—	$	—	$	—	$	—
		$	—	$	—	$	—	$	—
	The carrying amount and fair value of the Company’s mortgage notes payable are as follows:
		December 31, 2014
		Carrying		Fair
		Amount		Value
	Mortgage notes payable	$	38,540,000	$	38,540,000
	Since the interest rate is variable, the fair value of the mortgage notes payable is equal to the carrying amount.

Derivatives_and_Hedging_Activi

Derivatives and Hedging Activities

12 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives and Hedging Activities

DERIVATIVES AND HEDGING ACTIVITIES

As of December 31, 2014, the Company had the following outstanding interest rate derivatives that were designated as a cash flow hedges of interest rate risk:

Interest Rate Derivative

Number of Instruments

Notional

Maturity Dates

Amount

Interest rate cap

2

$

38,540,000

November 1, 2018 and January 1, 2018

Tabular Disclosure of Fair Value of Derivative Instrument on the Balance Sheet

The table below presents the fair value of the Company’s derivative financial instruments, which is included in prepaid expenses and other assets on the consolidated balance sheet as of December 31, 2014:

Asset Derivatives

Liabilities Derivatives

December 31, 2014

December 31, 2013

December 31, 2014

December 31, 2013

Balance Sheet

Fair Value

Balance Sheet

Fair Value

Balance Sheet

Fair Value

Balance Sheet

Fair Value

Interest rate cap

$

53,002

Interest rate cap

$

—

NA

$

—

NA

$

—

Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. During 2015, the Company estimates that $552 will be reclassified as an increase to interest expense.

Operating_Expense_Limitation

Operating Expense Limitation	12 Months Ended
	Dec. 31, 2014
Other Income and Expenses [Abstract]
Operating Expense Limitation	OPERATING EXPENSE LIMITATION
	As defined under the Company's charter, commencing four fiscal quarters ending June 30, 2015, the Advisor must reimburse the Company the amount by which the aggregate total operating expenses for the four fiscal quarters then ended exceed the greater of 2% of the average invested assets or 25% of net income, unless the conflicts committee has determined that such excess expenses were justified based on unusual and non-recurring factors. “Average invested assets” means the average monthly book value of assets invested, directly or indirectly, in equity interests in and loans secured by real estate during the 12-month period before deducting depreciation, bad debts or other non-cash reserves. “Total operating expenses” means all expenses paid or incurred by the Company, as determined under GAAP, that are in any way related to operations, including advisory fees, but excluding (a) the expenses of raising capital such as organization and offering expenses, legal, audit, accounting, underwriting, brokerage, listing, registration and other fees, printing and other such expenses and taxes incurred in connection with the issuance, distribution, transfer, registration and stock exchange listing of stock; (b) interest payments; (c) taxes; (d) non-cash expenditures such as depreciation, amortization and bad debt reserves; (e) reasonable incentive fees based on the gain in the sale of assets; and (f) acquisition fees, acquisition expenses (including expenses relating to potential investments that do not close), disposition fees on the resale of property and other expenses connected with the acquisition, disposition and ownership of real estate interests, loans or other property (including the costs of foreclosure, insurance premiums, legal services, maintenance, repair and improvement of property).

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS
	On January 26, 2015, the Company's Board of Directors authorized cash distributions to the stockholders of record at the close of business each day in the period commencing January 30, 2015 through March 30, 2015 equal to a daily amount of $0.00164384 per share of common stock, payable on February 27, 2015 and March 31, 2015.
	On February 19, 2015, the Company's Board of Directors authorized a stock distribution of 0.005 shares of the Company's common stock, or 0.5% of each outstanding share of common stock, to the stockholders of record at the close of business on March 31, 2015. Such distribution is to be issued on April 15, 2015.
	On March 30, 2015, the Company, through its operating partnership, purchased a 216 unit multifamily community located in Atlanta, Georgia from an unaffiliated seller for $32.5 million.
	On March 24, 2015, the Company's Board of Directors authorized a cash distribution to the stockholders of record at the close of business each day in the period commencing March 31, 2015 through and including June 29, 2015 equal to a daily amount of $0.000164384 per share of common stock, payable on April 30, 2015, May 29, 2015 and June 30, 2015.
	The Company has evaluated subsequent events and determined that no events have occurred, other than those disclosed above, which would require an adjustment to the consolidated financial statements.

Schedule_III_Real_Estate_and_A

Schedule III Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
SEC Schedule III Real Estate and Accumulated Depreciation Disclosure [Text Block]
	Column A	Column B			Column C		Column D			Column E		Column F			Column G	Column H
	Description	Encumbrances			Initial cost to Company		Cost capitalized subsequent to acquisition			Gross Amount at which carried at close of period		Accumulated Depreciation			Date of Construction	Date Acquired
	Real estate owned:
	Residential	$	—		$	9,148,637	$	(94,229	)	$	9,054,408	$	(179,695	)	1980	6/4/14
	Dallas, Texas
	Residential	—			45,823,939		4,653			45,828,592		—			1999	12/19/14
	Fort Worth, Texas
		$	—		$	54,972,576	$	(89,576	)	$	54,883,000	$	(179,695	)
		Years Ended
		December 31,
		2014			2013
	Investments in real estate:
	Balance at beginning of the year	$	—		$	—
	Additions during the period:	—			—
	Acquisitions	54,972,576			—
	Improvements, etc.	109,264			—
	Dispositions during the period:	(198,840		)	—
	Balance at end of year	$	54,883,000		$	—
	Accumulated Depreciation:
	Balance at beginning of year	$	—		$	—
	Additions charged to expenses	179,695			—
	Balance at the end of year	$	179,695		$	—

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries as follows:
	Subsidiary		Apartment Complex	Number of Units	Property Location
	RRE Opportunity Holdings II, LLC		N/A	N/A	N/A
	RRE Opportunity OP II, LP		N/A	N/A	N/A
	RRE Bear Creek Holdings, LLC ("Bear Creek")		Bear Creek	152	Dallas, TX
	RRE Oak Hill Holdings, LLC ("Oak Hill")		Oak Hill	360	Fort Worth, TX
	N/A - Not Applicable
	All intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates
	The preparation of the consolidated financial statements in conformity with Generally Accepted Accounting Principles ("GAAP") requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Concentration of Credit Risk	Concentration of Credit Risk
	Financial instruments, which potentially subject the Company to concentration of credit risk, consist of periodic temporary deposits of cash. At December 31, 2014, the Company had $15.8 million of deposits at various banks, $14.8 million of which was greater than the insurance limit of the Federal Deposit Insurance Corporation. No losses have been experienced on such deposits.
Real Estate Investments	Real Estate Investments
	The Company records acquired real estate at fair value. The Company considers the period of future benefit of an asset to determine its appropriate useful life. The Company's estimated useful lives of its assets by class are as follows:
	Buildings	27.5 years
	Building improvements	3.0 to 27.5 years
	Tenant improvements	Expected useful life
	Lease intangibles	Remaining term of related lease
Impairment of Long Lived Assets	Impairment of Long Lived Assets
	When circumstances indicate the carrying value of a property may not be recoverable, the Company reviews the asset for impairment. This review is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property’s use and eventual disposition. These estimates consider factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors.
	If impairment exists, due to the inability to recover the carrying value of a property, an impairment loss will be recorded to the extent that the carrying value exceeds the estimated fair value of the property for properties to be held and used. For properties held for sale, the impairment loss is the adjustment to fair value less estimated cost to dispose of the asset. These assessments have a direct impact on net income because recording an impairment loss results in an immediate negative adjustment to net income. There were no impairments as of December 31, 2014.
Allocation of Purchase Price of Acquired Assets	Allocation of Purchase Price of Acquired Assets
	Upon the acquisition of real properties, the Company allocates the purchase price of properties to acquired tangible assets, consisting of land, buildings, fixtures and improvements, identified intangible lease assets, consisting of the value of above-market and below-market leases, as applicable, the value of in-place leases, the value of tenant relationships, and liabilities, based in each case on their fair values.
	Fair value estimates are based on information obtained from a number of sources, including information obtained about each property as a result of pre-acquisition due diligence, marketing and leasing activities. In addition, the Company may obtain independent appraisal reports. The information in the appraisal reports, along with the aforementioned information available to the Company's management, is used in allocating the purchase price. The independent appraisers have no involvement in management's allocation decisions other than providing market information.
	The Company records above-market and below-market in-place lease values for acquired properties based on the present value (using an interest rate that reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over a period equal to the remaining non-cancelable term of the lease. The Company amortizes any capitalized above-market or below-market lease values as an increase or reduction to rental income over the remaining non-cancelable terms of the respective leases.
	The Company measures the aggregate value of other intangible assets acquired based on the difference between (i) the property valued with existing in-place leases adjusted to market rental rates and (ii) the property valued as if vacant. Management’s estimates of value are expected to be made using methods similar to those used by independent appraisers (e.g., discounted cash flow analysis). Factors to be considered by management in its analysis include an estimate of carrying costs during hypothetical expected lease-up periods considering current market conditions and costs to execute similar leases.
	The Company also considers information obtained about each property as a result of its pre-acquisition due diligence, marketing and leasing activities in estimating the fair value of the tangible and intangible assets acquired. In estimating carrying costs, management includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods. Management also estimates costs to execute similar leases including leasing commissions and legal and other related expenses to the extent that such costs have not already been incurred in connection with a new lease origination as part of the transaction.
	The total amount of other intangible assets acquired is further allocated to customer relationship intangible values based on management’s evaluation of the specific characteristics of each tenant’s lease and the Company’s overall relationship with that respective tenant. Characteristics considered by management in allocating these values include the nature and extent of the Company’s existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality and expectations of lease renewals (including those existing under the terms of the lease agreement), among other factors.
	The Company amortizes the value of in-place leases to expense over the remaining term of the respective leases. The value of customer relationship intangibles is amortized to expense over the initial term and any renewal periods in the respective leases, but in no event do amortization periods for the intangible assets exceed the remaining depreciable life of the building. Should a tenant terminate its lease, the unamortized portion of the in-place lease value and customer relationship intangibles would be charged to expense in that period.
	The determination of the fair value of the assets and liabilities acquired requires the use of significant assumptions with regard to current market rental rates, discount rates and other variables. These estimates are subject to change until all information is finalized, which is generally within one year of the acquisition date.
Derivatives and Hedging Activities	Derivatives and Hedging Activities
	Risk Management Objective of Using Derivatives
	The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s investments and borrowings.
	As a condition of the Company’s mortgage loan, from time to time the Company may be required to enter into certain derivative transactions as may be required by the lender. These transactions would generally be in line with the Company’s own risk management objectives and also serve to protect the lender.
	Cash Flow Hedges of Interest Rate Risk
	The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company entered into interest rate caps that were designated as cash flow hedges during 2014. Interest rate caps designated as cash flow hedges involve the receipt of variable amounts from a counterparty if interest rates rise above the strike rate on the contract in exchange for an up-front premium.
	The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. During the year ended December 31, 2014, such derivatives were used to hedge the variable cash flows, indexed to USD- London InterBank Offered Rate ("LIBOR"), associated with an existing variable-rate loan agreement. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. During the year ended December 31, 2014, the Company did not record any hedge ineffectiveness in earnings.
	Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt.
Revenue Recognition	Revenue Recognition
	The Company recognizes minimum rent, including rental abatements and contractual fixed increases attributable to operating leases, on a straight-line basis over the term of the related lease and includes amounts expected to be received in later years in deferred rents. The Company records property operating expense reimbursements due from tenants for common area maintenance, real estate taxes and other recoverable costs in the period the related expenses are incurred.
	The specific timing of a sale is measured against various criteria related to the terms of the transaction and any continuing involvement associated with the property. If the criteria for profit recognition under the full-accrual method are not met, the Company defers the gain recognition and accounts for the continued operations of the property by applying the percentage-of-completion, reduced profit, deposit, installment or cost recovery methods, as appropriate, until the appropriate criteria are met.
Tenant Receivables	Tenant Receivables
	The Company makes estimates of the collectability of its tenant receivables related to base rents, including straight-line rentals, expense reimbursements and other revenue or income. The Company specifically analyzes accounts receivable and historical bad debts, tenant creditworthiness, current economic trends when evaluating the adequacy of the allowance for doubtful accounts. In addition, with respect to tenants in bankruptcy, the Company makes estimates of the expected recovery of pre-petition and post-petition claims in assessing the estimated collectability of the related receivable. In some cases, the ultimate resolution of these claims can exceed one year.
Income Taxes	Income Taxes
	The Company intends to elect and qualify to be taxed as a REIT, commencing with its taxable year ended December 31, 2014. Accordingly, the Company will generally not be subject to corporate U.S. federal or state income tax to the extent that it makes qualifying distributions to its stockholders, and provided it satisfies on a continuing basis, through actual investment and operating results, the REIT requirements including certain asset, income, distribution and stock ownership tests. If the Company fails to qualify as a REIT, and does not qualify for certain statutory relief provisions, it will be subject to U.S. federal, state and local income taxes and may be precluded from qualifying as a REIT for the subsequent four taxable years following the year in which it lost its REIT qualification. Accordingly, the Company’s failure to qualify as a REIT could have a material adverse impact on its results of operations and amounts available for distribution to its stockholders.
	The dividends paid deduction of a REIT for qualifying dividends to its stockholders is computed using the Company’s taxable income as opposed to net income reported on the financial statements. Taxable income, generally, will differ from net income reported on the financial statements because the determination of taxable income is based on tax provisions and not financial accounting principles.
	The Company may elect to treat certain of its subsidiaries as taxable REIT subsidiaries (“TRSs”). In general, the Company’s TRS may hold assets and engage in activities that it cannot hold or engage in directly and generally may engage in any real estate or non-real estate-related business. A TRS is subject to U.S. federal, state and local corporate income taxes.
	While a TRS may generate net income, a TRS can declare dividends to the Company which will be included in the Company’s taxable income and necessitate a distribution to its stockholders. Conversely, if the Company retains earnings at a TRS level, no distribution is required and the Company can increase book equity of the consolidated entity.
Earnings Per Share	Earnings Per Share
	Basic earnings per share is calculated on the basis of weighted-average number of common shares outstanding during the year. Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted to common stock. Due to reported losses for the periods presented, the convertible shares (discussed in Note 12) are not included in the diluted earnings per share calculation.
Organization and Offering Costs	Organization and Offering Costs
	The Company incurs organizational, accounting, and offering costs in connection with its ongoing initial public offering. Organization and offering costs (other than selling commissions and dealer-manager fees) of the Company are initially paid by the Advisor on behalf of the Company. Offering costs are discussed in more detail below under the heading "Deferred Offering Costs." Organization costs are expensed as incurred and include all expenses to be incurred by the Company in connection with the formation of the Company, including but not limited to legal fees and other costs to incorporate the Company.
	Pursuant to the Amended and Restated Advisory Agreement between the Company and the Advisor dated January 9, 2014 (the “Advisory Agreement”), the Company is obligated to reimburse the Advisor for organizational and offering costs it incurs on the Company's behalf, but only to the extent that such reimbursements will not cause organizational and offering expenses (other than selling commissions and the dealer manager fees) to exceed 2.5% of the gross offering proceeds raised in the offering, when recorded by the Company.
Deferred Offering Costs	Deferred Offering Costs
	Through December 31, 2014, the Company has incurred $4.4 million for the payment of public offering costs consisting of accounting, advertising, allocated payroll, due diligence, marketing, legal and similar costs. As of December 31, 2014, the Advisor has advanced $3.0 million of these costs on behalf of the Company. A portion of these costs was charged to equity upon the sale of each share of common stock sold under the public offering. Similarly, a portion of the proceeds received from the sales of shares in the Company's public offering was paid to the Advisor to reimburse it for the amount incurred on behalf of the Company. Deferred offering costs represent the portion of the total costs incurred that have not been charged to equity to date. As of December 31, 2014, the Company has reimbursed $734,493 of deferred offering costs to the Advisor. Upon completion of the public offering, any excess deferred offering costs in excess of the limit on organization and offering costs discussed above, will be charged back to the Advisor.
New Accounting Standards	New Accounting Standards
	In June 2014, the Financial Accounting Standards Board ("FASB") issued authoritative guidance to change the criteria for reporting development stage entities. Under the new guidance, the requirement to present inception-to-date information on the statement of operations, cash flows and statement of equity has been eliminated. In addition, financial statements no longer need to be labeled as those of a development stage entity, disclosure of a description of the development stage activities in which the entity is engaged is no longer required, and disclosing in the first year the company is no longer a development stage entity and that in prior years it had been in the development stage is also no longer required. The Company's early adoption of this guidance, as of January 1, 2014, did not have a material impact on its consolidated financial position, results of operations or cash flows.
	Accounting Standards Issued But Not Yet Effective
	In May 2014, FASB issued Accounting Standards Update No. 2014-09, “Revenue from Contracts with Customers” ("ASU No. 2014-09"), which will replace most existing revenue recognition guidance in GAAP. The core principle of ASU No. 2014-09 is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services. ASU No. 2014-09 requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. ASU No. 2014-09 will be effective for the Company beginning January 1, 2017, including interim periods in 2017, and allows for both retrospective and prospective methods of adoption. The Company is in the process of determining the method of adoption and assessing the impact of ASU No. 2014-09 on the Company's consolidated financial position, results of operations and cash flows.
	In January 2015, FASB issued ASU No. 2015-01, "Income Statement - Extraordinary and Unusual Items (Subtopic 225-20), Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items" (“ASU No. 2015-01”). The amendments in ASU No. 2015-01 eliminate from GAAP the concept of extraordinary items. Although the amendment will eliminate the requirements for reporting entities to consider whether an underlying event or transaction is extraordinary, the presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include items that are both unusual in nature and infrequently occurring. ASU No. 2015-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company does not expect the adoption of ASU No. 2015-01 to have a significant impact on its financial statements.
Fair Value Measures	In analyzing the fair value of its investments accounted for on a fair value basis, the Company follows the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.  The Company determines fair value based on quoted prices when available or, if quoted prices are not available, through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the investment. The fair values of cash, tenant receivables and accounts payable, approximate their carrying values due to their short nature.  The hierarchy followed defines three levels of inputs that may be used to measure fair value:
	Level 1 - Quoted prices in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date.
	Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset and liability or can be corroborated with observable market data for substantially the entire contractual term of the asset or liability.
	Level 3 - Unobservable inputs that reflect the entity’s own assumptions about the assumptions that market participants would use in the pricing of the asset or liability and are consequently not based on market activity, but rather through particular valuation techniques.
	The determination of where an asset or liability falls in the hierarchy requires significant judgment.  The Company evaluates its hierarchy disclosures each quarter; depending on various factors, it is possible that an asset or liability may be classified differently from quarter to quarter.  However, the Company expects that changes in classifications between levels will be rare.
	The fair value of rental properties is usually estimated based on information obtained from a number of sources, including information obtained about each property as a result of pre-acquisition due diligence, marketing and leasing activities.  The Company allocates the purchase price of properties to acquired tangible assets, consisting of land, buildings, fixtures and improvements, and identified intangible lease assets and liabilities, consisting of the value of above-market and below-market leases, as applicable, the value of in-place leases and the value of tenant relationships, based in each case on their fair values.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Schedule of Wholly-Owned Subsidiaries	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries as follows:
	Subsidiary		Apartment Complex	Number of Units	Property Location
	RRE Opportunity Holdings II, LLC		N/A	N/A	N/A
	RRE Opportunity OP II, LP		N/A	N/A	N/A
	RRE Bear Creek Holdings, LLC ("Bear Creek")		Bear Creek	152	Dallas, TX
	RRE Oak Hill Holdings, LLC ("Oak Hill")		Oak Hill	360	Fort Worth, TX
	N/A - Not Applicable
Real Estate Investments	The Company's estimated useful lives of its assets by class are as follows:
	Buildings	27.5 years
	Building improvements	3.0 to 27.5 years
	Tenant improvements	Expected useful life
	Lease intangibles	Remaining term of related lease

Supplemental_Cash_Flow_Informa1

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2014
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	The following table presents supplemental cash flow information:
		Years Ended
		December 31,
		2014		2013
	Non-cash financing and investing activities:
	Increase in subscription receivables	$	3,819,991	$	—
	Cash distributions on common stock declared but not yet paid	259,379		—
	Stock issued from distribution reinvestment plan	195,542		—
	Stock distributions issued	214,833		—
	Deferred offering costs	1,803,098		—
	Due to related parties	1,467,064		—
	Cash paid during the period for:
	Interest	$	133,036	$	—

Restricted_Cash_Tables

Restricted Cash (Tables)	12 Months Ended
	Dec. 31, 2014
Cash and Cash Equivalents [Abstract]
Summary of Components of Restricted Cash	A summary of the components of restricted cash follows:
		December 31,		December 31,
		2014		2013
	Real estate taxes	$	128,871	$	—
	Insurance	157,600		—
	Capital improvements	438,834		—
	Total	$	725,305	$	—

Rental_Properties_Net_Tables

Rental Properties, Net (Tables)	12 Months Ended
	Dec. 31, 2014
Real Estate [Abstract]
Schedule of Investments in Rental Properties	The Company’s investments in rental properties consisted of the following:
		December 31,			December 31, 2013
		2014
	Land	$	6,723,368		$	—
	Building and improvements	47,546,786			—
	Furniture, fixtures and equipment	612,846			—
		54,883,000			—
	Less: accumulated depreciation	(179,695		)	—
		$	54,703,305		$	—

Acquisitions_Tables

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
Summary of Acquisitions and Assigned Fair Values	The table below summarizes these acquisitions and the respective fair values assigned:
	Multifamily		City and State		Date of		Purchase			Land		Building and		Furniture, Fixture and Equipment		Intangible Assets		Other			Fair Valued
	Community Name				Acquisition		Price (1)					Improvements						Liabilities			Assigned
	Bear Creek		Dallas, TX		6/4/14		$	9,500,000		$	1,888,982	$	7,060,815	$	198,840	$	351,363	$	(84,732	)	$	9,415,268
	Oak Hill		Fort Worth, TX		12/19/14		47,000,000			4,834,386		40,485,971		503,582		1,176,061		(59,977		)	46,940,023
	-1	Purchase price excludes closing costs and acquisition expenses.
Fair Value of Net Assets Acquired	The following table reflects the fair value of the net assets acquired:
	Rental property:
	Land	$	1,888,982
	Buildings	7,060,815
	Personal property	198,840
		9,148,637
	Acquired intangibles - in-place leases	351,363
	Accrued real estate taxes	(69,085		)
	Prepaid rents	(163		)
	Security deposits	(15,484		)
	Fair value assigned	$	9,415,268
	On December 19, 2014, the Company acquired a 360-unit, multifamily apartment community located in Fort Worth, Texas known as Oak Hill, for $47.0 million, excluding closing costs. The Company paid an acquisition fee of $1.1 million, or 2% of the purchase price (including closing costs and any amounts reserved for capital expenditures), to the Advisor.
	The following table reflects the fair value of the net assets acquired:
	Rental property:
	Land	$	4,834,386
	Buildings	40,485,971
	Personal property	503,582
		45,823,939
	Acquired intangibles - in-place leases	1,176,061
	Accrued real estate taxes	—
	Prepaid rents	(13,162		)
	Security deposits	(46,815		)
	Fair value assigned	$	46,940,023
	The table below summarizes the total revenues, net loss, and acquisition costs of the Company's 2014 acquisitions:
				Years Ended
				December 31,
	Multifamily Community			2014				2013
	Bear Creek
		Total Revenues		$	821,576			$	—
		Net Loss		(748,500		)		—
		Acquisition Costs		329,709				—
	Oak Hill
		Total Revenues		$	170,097			$	—
		Net Loss		(82,184		)		—
		Acquisition Costs		1,259,235				—

Mortgage_Notes_Payable_Tables

Mortgage Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Summary of Mortgage Notes Payable	The following is a summary of the Company's mortgage notes payable as of December 31, 2014:
			Balance Outstanding at		Maturity	Interest Rate		Average		Interest Expense
					Date			Monthly Debt		Incurred for the
	Collateral		31-Dec-14			31-Dec-14		Service		Year ended December 31, 2014
	Bear Creek		$	7,465,000	7/1/24	2.54	%	$	15,901	$	110,302
	Oak Hill		31,075,000		1/1/25	2.07	%	54,323		36,557
			$	38,540,000
Annual Principal Payments on Mortgage Notes Payable for Next Five Years	Annual principal payments on the mortgage notes payable for each of the next five years ending December 31, and thereafter, are as follows:
	2015	$	—
	2016	—
	2017	590,509
	2018	680,324
	2019	730,909
	Thereafter	36,538,258
		$	38,540,000

Deferred_Financing_Costs_Table

Deferred Financing Costs (Tables)	12 Months Ended
	Dec. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Deferred Financing Costs	Amortization of deferred financing costs for the next five years ending December 31, and thereafter, are as follows:
	2015	$	58,112
	2016	62,137
	2017	61,607
	2018	60,653
	2019	59,547
	Thereafter	279,727
		$	581,783

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	The following table presents the changes in accumulated other comprehensive loss for the year ended December 31, 2014:
		Net unrealized loss on derivatives
	January 1, 2014	$	—
	Unrealized loss on designated hedge	(34,468		)
	December 31, 2014	$	(34,468	)

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Fees Earned/Expenses Incurred and Amounts Payable to Related Parties	The amounts receivable/payable and the fees earned/expenses incurred by such related parties are summarized in the following tables:
		December 31,			December 31,
		2014			2013
	Due from related parties:
	Resource Securities	$	3,944		$	—
	RAI - self-insurance funds held in escrow	30,081			—
		$	34,025		$	—
	Due to related parties:
	Advisor
	Asset management fees	$	28,456		—
	Organization and offering costs	2,272,325			$	—
	Operating expense reimbursements	1,145,784			—
	Manager
	Property management fees	6,391			—
	Expense reimbursements	39,592			—
	Resource Securities
	Selling commissions and dealer-manager fees	358,715			—
		$	3,851,263		$	—
	Graphic Images (1)	$	81,424		$	—
	(1) Included in Accrued expenses on the consolidated balance sheets.
			Years Ended
			December 31,
			2014			2013
	Fees earned / expenses incurred:
	Advisor
	Acquisition fees (1)		$	1,354,551		$	—
	Asset management fees (2)		$	88,253		$	—
	Debt financing fees (3)		$	192,700		$	—
	Organization and offering costs (4)		$	3,006,819		$	—
	Operating expense reimbursement (5)		$	1,115,426		$	—
	Interest expense (6)		$	2,242		$	—
	Manager
	Property management fees (2)		$	39,242		$	—
	Operating expense reimbursements (7)		$	54,123		$	—
	Resource Securities
	Selling commissions and dealer-manager fees (8)		$	4,399,256		$	—
	Other
	Graphic Images		$	364,972		$	—
	(1)     Included in Acquisition costs on the consolidated statements of operations and comprehensive (loss) income.
	(2)     Included in Management fees on the consolidated statements of operations and comprehensive (loss) income.
	(3)    Included in Deferred financing costs, net on the consolidated balance sheets.
	(4)     Included in Deferred offering costs on the consolidated balance sheets.
	(5)     Included in General and administrative on the consolidated statements of operations and comprehensive (loss) income.
	(6)    Included in Interest expense on the consolidated statements of operations and comprehensive (loss) income.
	(7)     Included in Due to Related Parties on the consolidated balance sheets.
	(8)     Included in Stockholders' equity on the consolidated balance sheets.

Equity_Tables

Equity (Tables)	12 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Schedule of Common Stock	As of December 31, 2014, the Company had an aggregate of 4,759,567 shares of $0.01 par value common stock outstanding, including the Advisor's additional purchase of 117,778 shares of common stock for $1.1 million, as follows:
		Shares Issued		Gross Proceeds
	Initial public offering	4,702,399		$	46,748,354
	Shares issued through stock distributions	19,554		—
	Shares issued through distribution reinvestment plan	22,614		214,833
	Advisor's initial investment, net of 5,000 share conversion	15,000		150,000
		4,759,567		$	47,113,187
Schedule of Dividends	For the year ended December 31, 2014, the Company paid aggregate distributions of $328,785, including $113,952 of distributions paid in cash and $214,833 of distributions reinvested in shares of common stock through the Company's distribution reinvestment plan, as follows:
	Authorization Date	Per			Record Date	Distribution Date	Distributions invested in shares of Common Stock		Net Cash Distributions		Total Aggregate Distributions
		Common
		Share
	June 5, 2014	$	0.00068493		July 31, 2014	August 1, 2014	$	5,065	$	5,560	$	10,625
	June 5, 2014	0.00068493			August 31, 2014	September 2, 2014	11,086		8,844		19,930
	June 5, 2014	0.00068493			September 30, 2014	October 1, 2014	18,497		11,197		29,694
	October 6, 2014	0.00082192			October 30, 2014	October 31, 2014	27,143		13,970		41,113
	October 30, 2014	0.00068493			November 26, 2014	November 28, 2014	31,213		15,113		46,326
	November 13, 2014	0.00164384			December 30, 2014	December 31, 2014	121,829		59,268		181,097
							$	214,833	$	113,952	$	328,785

Fair_Value_Measures_and_Disclo1

Fair Value Measures and Disclosures (Tables)	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Schedule of assets measured at fair value on a recurring basis	The following table presents information about the Company's assets measured at fair value on a recurring basis and
	indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value as follows:
		Level 1		Level 2		Level 3		Total
	December 31, 2014
	Assets:
	Interest rate caps	$	—	$	53,002	$	—	$	53,002
		$	—	$	53,002	$	—	$	53,002
		Level 1		Level 2		Level 3		Total
	December 31, 2013
	Assets:
	Interest rate caps	$	—	$	—	$	—	$	—
		$	—	$	—	$	—	$	—
Schedule of carrying and fair values of assets and liabilities	The carrying amount and fair value of the Company’s mortgage notes payable are as follows:
		December 31, 2014
		Carrying		Fair
		Amount		Value
	Mortgage notes payable	$	38,540,000	$	38,540,000

Derivatives_and_Hedging_Activi1

Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of interest rate derivatives

As of December 31, 2014, the Company had the following outstanding interest rate derivatives that were designated as a cash flow hedges of interest rate risk:

Interest Rate Derivative

Number of Instruments

Notional

Maturity Dates

Amount

Interest rate cap

2

$

38,540,000

November 1, 2018 and January 1, 2018

Schedule of fair value of derivative financial instruments

The table below presents the fair value of the Company’s derivative financial instruments, which is included in prepaid expenses and other assets on the consolidated balance sheet as of December 31, 2014:

Asset Derivatives

Liabilities Derivatives

December 31, 2014

December 31, 2013

December 31, 2014

December 31, 2013

Balance Sheet

Fair Value

Balance Sheet

Fair Value

Balance Sheet

Fair Value

Balance Sheet

Fair Value

Interest rate cap

$

53,002

Interest rate cap

$

—

NA

$

—

NA

$

—

Nature_of_Business_and_Operati1

Nature of Business and Operations (Details) (USD $)	12 Months Ended	0 Months Ended
	Dec. 31, 2014	Dec. 20, 2013	Oct. 09, 2012	Jun. 02, 2014	Jun. 04, 2014	Oct. 21, 2014	Jan. 08, 2015	Dec. 31, 2013
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	1,000,000,000							1,000,000,000
Issuance of stock	$46,748,354
Common stock, shares issued (in shares)	4,759,567							15,000
Advisor [Member]
Class of Stock [Line Items]
Issuance of stock	1,100,000		200,000
Issuance of stock (in shares)	117,778		20,000
Common stock exchanged (in shares)		5,000
Convertible Stock [Member]
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	50,000							50,000
Issuance of stock	0
Issuance of stock (in shares)	0
Common stock, shares issued (in shares)	50,000							50,000
Convertible Stock [Member] | Advisor [Member]
Class of Stock [Line Items]
Issuance of stock (in shares)		50,000
Offering pursuant to Registration Statement
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	110,000,000
Initial public offering [Member]
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	100,000,000
Common stock, initial public offering price (in dollars per share)	$10
Minimum purchase to receive volume discount	1,000,000
Minimum offering amount				2,000,000
Common stock, shares issued (in shares)	4,702,399
Gross offering proceeds	47,100,000
Initial public offering [Member] | New York [Member]
Class of Stock [Line Items]
Minimum offering amount					2,500,000
Initial public offering [Member] | Ohio [Member]
Class of Stock [Line Items]
Minimum offering amount						20,000,000
Initial public offering [Member] | Pennsylvania [Member] | Subsequent Event [Member]
Class of Stock [Line Items]
Minimum offering amount							50,000,000
Distribution reinvestment plan [Member]
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	10,000,000
Common stock, initial public offering price (in dollars per share)	$9.50
Issuance of stock	$214,833
Common stock, shares issued (in shares)	22,614

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)	0 Months Ended		12 Months Ended	0 Months Ended	12 Months Ended
	Oct. 15, 2014	Jul. 14, 2014	Dec. 31, 2014	Jan. 15, 2015	Dec. 31, 2013	Mar. 19, 2015
						unit
Property, Plant and Equipment [Line Items]
Deferred Offering Costs to Date			$4,400,000
Deposits Assets, Current			15,800,000
Cash, Uninsured Amount			14,800,000
Acquisitions, period to finalize valuation			1 year
Future minimum rental payments to be received from noncancelable operating leases, year ending June 30, 2015			3,700,000
Future minimum rental payments to be received from noncancelable operating leases, year ending June 30, 2016			85,000
Stock distribution	1.00%	0.63%
Due to related parties			3,851,263		0
Deferred offering costs			3,618,954		0
Subsequent Event [Member]
Property, Plant and Equipment [Line Items]
Number of Units						216
Stock distribution				0.83%
Advisor [Member]
Property, Plant and Equipment [Line Items]
Maximum reimbursement of organizational and offering costs, percent of offering proceeds			2.50%
Organization and offering costs [Member] | Advisor [Member]
Property, Plant and Equipment [Line Items]
Due to related parties			2,272,325		0
Fees earned / expenses incurred			3,006,819		0
Payment of public offering costs [Member] | Advisor [Member]
Property, Plant and Equipment [Line Items]
Deferred offering costs			($734,493)
Buildings [Member]
Property, Plant and Equipment [Line Items]
Real estate investments, useful life			27 years 6 months
Building improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Real estate investments, useful life			3 years
Building improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Real estate investments, useful life			27 years 6 months
Bear Creek Apartments [Member]
Property, Plant and Equipment [Line Items]
Number of Units			152
RRE Oak Hill Holdings (Oak Hill) [Member]
Property, Plant and Equipment [Line Items]
Number of Units			360

Supplemental_Cash_Flow_Informa2

Supplemental Cash Flow Information (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Non-cash financing and investing activities:
Increase in subscription receivables	$3,819,991	$0
Distribution payable	259,379	0
Stock issued from distribution reinvestment plan	195,542	0
Stock distributions issued	214,833	0
Deferred offering costs	1,803,098	0
Due to related parties	1,467,064	0
Cash paid during the period for:
Interest	$133,036	$0

Restricted_Cash_Details

Restricted Cash (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$725,305	$0
Real estate taxes [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	128,871	0
Insurance [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	157,600	0
Capital improvements [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$438,834	$0

Rental_Properties_Net_Details

Rental Properties, Net (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Rental Properties, Net:
Land	$6,723,368	$0
Building and improvements	47,546,786	0
Furniture, fixtures and equipment	612,846	0
Rental properties, gross	54,883,000	0
Less: accumulated depreciation	-179,695	0
Rental properties, net	54,703,305	0
Depreciation expense	$179,695	$0

Acquisitions_Summary_of_Acquis

Acquisitions - Summary of Acquisitions (Details) (USD $)	0 Months Ended
	Jun. 04, 2014	Dec. 19, 2014
Bear Creek Apartments [Member]
Business Acquisition [Line Items]
Purchase Price	$9,500,000
Land	1,888,982
Building and Improvements	7,060,815
Furniture, Fixture and Equipment	198,840
Intangible Assets	351,363
Other Liabilities	-84,732
Fair value assigned	9,415,268
Oak Hill [Member]
Business Acquisition [Line Items]
Purchase Price		47,000,000
Land		4,834,386
Building and Improvements		40,485,971
Furniture, Fixture and Equipment		503,582
Intangible Assets		1,176,061
Other Liabilities		-59,977
Fair value assigned		$46,940,023

Acquisitions_Bear_Creek_Detail

Acquisitions - Bear Creek (Details) (USD $)	0 Months Ended
	Jun. 04, 2014
Advisor [Member]
Business Acquisition [Line Items]
Acquisition fee	2.00%
Bear Creek Apartments [Member]
Business Acquisition [Line Items]
Number of units	152
Purchase price, excluding closing costs	9,500,000
Rental property:
Land	1,888,982
Buildings	7,060,815
Personal property	198,840
Rental property	9,148,637
Acquired intangibles - in-place leases	351,363
Accrued real estate taxes	-69,085
Prepaid rents	-163
Security deposits	-15,484
Fair value assigned	9,415,268
Bear Creek Apartments [Member] | Advisor [Member]
Business Acquisition [Line Items]
Acquisition fee, percent	264,239
Acquisition fee	2.00%

Acquisitions_Oak_Hill_Details

Acquisitions - Oak Hill (Details) (USD $)	0 Months Ended
	Jun. 04, 2014	Dec. 19, 2014
Advisor [Member]
Business Acquisition [Line Items]
Acquisition fee	2.00%
Oak Hill [Member]
Business Acquisition [Line Items]
Number of units		360
Purchase price, excluding closing costs		$47,000,000
Rental property:
Land		4,834,386
Buildings		40,485,971
Personal property		503,582
Rental property		45,823,939
Acquired intangibles - in-place leases		1,176,061
Accrued real estate taxes		0
Prepaid rents		-13,162
Security deposits		-46,815
Fair value assigned		46,940,023
Oak Hill [Member] | Advisor [Member]
Business Acquisition [Line Items]
Acquisition fee, percent		$1,100,000
Acquisition fee		2.00%

Acquisitions_Summary_of_Revenu

Acquisitions - Summary of Revenues, Net Losses and Acquisition Costs (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Total Revenues	$999,794	$451
Net Loss	-3,766,892	451
Acquisition costs	1,588,944	0
Bear Creek Apartments [Member]
Business Acquisition [Line Items]
Total Revenues	821,576	0
Net Loss	-748,500	0
Acquisition costs	329,709	0
Oak Hill [Member]
Business Acquisition [Line Items]
Total Revenues	170,097	0
Net Loss	-82,184	0
Acquisition costs	$1,259,235	$0

Identified_Intangible_Assets_N1

Identified Intangible Assets, Net (Details) (Acquired in-place leases [Member], USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Acquired in-place leases [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired in-place leases, net	$1,500,000	$0
Acquired in-place leases, accumulated amortization	351,363	0
Weighted-average remaining life of rental leases	8 months
Expected amortization for the rental leases for the next year	1,200,000
Amortization	$351,363

Mortgage_Notes_Payable_Summary

Mortgage Notes Payable - Summary of Mortgage Notes Payable (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Jun. 04, 2014	Dec. 19, 2014
Debt Instrument [Line Items]
Balance outstanding	$38,540,000	$0
Mortgages [Member] | Bear Creek [Member]
Debt Instrument [Line Items]
Balance outstanding	7,465,000		7,500,000
Interest Rate	2.54%
Average Monthly Debt Service	15,901
Interest Expense	110,302
Mortgages [Member] | Oak Hill Mortgage Loan [Member]
Debt Instrument [Line Items]
Balance outstanding	31,075,000			31,100,000
Interest Rate	2.07%
Average Monthly Debt Service	54,323
Interest Expense	$36,557

Mortgage_Notes_Payable_Annual_

Mortgage Notes Payable - Annual Principal Payments on Mortgage Notes Payable (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Debt Disclosure [Abstract]
2015	$0
2016	0
2017	590,509
2018	680,324
2019	730,909
Thereafter	36,538,258
Mortgage notes payable	$38,540,000	$0

Mortgage_Notes_Payable_Narrati

Mortgage Notes Payable - Narrative (Details) (USD $)	0 Months Ended
	Jun. 04, 2014	Dec. 19, 2014	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Mortgage notes payable			$38,540,000	$0
Mortgages [Member] | Bear Creek [Member]
Debt Instrument [Line Items]
Mortgage notes payable	7,500,000		7,465,000
Interest rate at period end			2.54%
Monthly required principal and interest payment	23,432
Mortgages [Member] | Bear Creek [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable interest rate	2.37%
Mortgages [Member] | Oak Hill Mortgage Loan [Member]
Debt Instrument [Line Items]
Mortgage notes payable		31,100,000	31,075,000
Interest rate at period end			2.07%
Monthly required principal and interest payment		$109,047
Mortgages [Member] | Oak Hill Mortgage Loan [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable interest rate		1.90%

Deferred_Financing_Costs_Detai

Deferred Financing Costs (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Amortization of deferred financing costs	$9,581	$0
2015	58,112
2016	62,137
2017	61,607
2018	60,653
2019	59,547
Thereafter	279,727
Deferred financing costs, net	$581,783	$0

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Loss (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$0
Unrealized loss on designated hedge	-34,468	0
Ending balance	($34,468)	$0

Related_Party_Transactions_Nar

Related Party Transactions - Narrative (Details) (USD $)	12 Months Ended		0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Jun. 04, 2014
Related Party Transaction [Line Items]
Interest paid	$133,036	$0
Insurance pool, loss limit	2,500,000
Catastrophic insurance, losses in excess of insurance pool, limit	85,000,000
Advisor [Member]
Related Party Transaction [Line Items]
Term of Advisory Agreement	1 year
Acquisition fee			2.00%
Monthly asset management fee, percent	0.08%
Disposition fee, percent	2.00%
Debt financing fee, percent	0.50%
Maximum reimbursement of organizational and offering costs, percent of offering proceeds	2.50%
Advisor [Member] | Bridge Loan [Member]
Related Party Transaction [Line Items]
Proceeds from related party bridge loan			1,300,000
Advisor [Member] | LIBOR [Member] | Bridge Loan [Member]
Related Party Transaction [Line Items]
Basis spread on variable interest rate			3.00%
Interest paid	$2,242
Manager [Member]
Related Party Transaction [Line Items]
Property management fee, percent	4.50%
Construction management fee, percent	5.00%
Debt servicing fee, percent	2.75%
Resource Securities [Member]
Related Party Transaction [Line Items]
Selling commission, percent	7.00%
Dealer-manager fee, percent	3.00%

Related_Party_Transactions_Fee

Related Party Transactions - Fees Earned/Expenses Incurred and Amounts Payable to Related Parties (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Due from related party	$34,025	$0
Due to related parties	3,851,263	0
Graphic Images [Member]
Related Party Transaction [Line Items]
Due to related parties	81,424	0
Resource Securities [Member] | Selling commissions and dealer-manager fees [Member]
Related Party Transaction [Line Items]
Due to related parties	358,715	0
Fees earned / expenses incurred	4,399,256	0
RAI [Member] | Resource Securities [Member]
Related Party Transaction [Line Items]
Due from related party	3,944	0
RAI [Member] | Insurance funds held in escrow [Member]
Related Party Transaction [Line Items]
Due from related party	30,081	0
Advisor [Member] | Acquisition fees [Member]
Related Party Transaction [Line Items]
Fees earned / expenses incurred	1,354,551	0
Advisor [Member] | Asset management fees [Member]
Related Party Transaction [Line Items]
Due to related parties	28,456	0
Fees earned / expenses incurred	88,253	0
Advisor [Member] | Debt financing fees [Member]
Related Party Transaction [Line Items]
Fees earned / expenses incurred	192,700	0
Advisor [Member] | Organization and offering costs [Member]
Related Party Transaction [Line Items]
Due to related parties	2,272,325	0
Fees earned / expenses incurred	3,006,819	0
Advisor [Member] | Overhead allocation [Member]
Related Party Transaction [Line Items]
Fees earned / expenses incurred	1,115,426	0
Advisor [Member] | Operating expense reimbursements [Member]
Related Party Transaction [Line Items]
Due to related parties	1,145,784	0
Advisor [Member] | Interest expense [Member]
Related Party Transaction [Line Items]
Fees earned / expenses incurred	2,242	0
Manager [Member] | Property management fees [Member]
Related Party Transaction [Line Items]
Due to related parties	6,391	0
Fees earned / expenses incurred	39,242	0
Manager [Member] | Operating expense reimbursements [Member]
Related Party Transaction [Line Items]
Due to related parties	39,592	0
Fees earned / expenses incurred	54,123	0
Other [Member] | Graphic Images [Member]
Related Party Transaction [Line Items]
Fees earned / expenses incurred	$364,972	$0

Equity_Narrative_Details

Equity - Narrative (Details) (USD $)	12 Months Ended	0 Months Ended
	Dec. 31, 2014	Jun. 05, 2014	Nov. 13, 2014	Nov. 19, 2014	Dec. 31, 2013	Dec. 31, 2012	Aug. 14, 2014
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)	10,000,000				10,000,000
Preferred stock, par value (in dollars per share)	$0.01				$0.01
Preferred stock, shares issued (in shares)	0				0
Preferred stock, shares outstanding (in shares)	0				0
Common stock, shares outstanding (in shares)	4,759,567				15,000
Common stock, par value (in dollars per share)	$0.01				$0.01
Common stock	$47,596				$150
Distributions declared	328,785
Net Cash Distributions	113,952
Common stock issued through distribution reinvestment plan	0
Common Stock, Authorized Stock Distribution, Par Value Per Share				$0.01
Advisor [Member]
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	117,778
Common stock	1,100,000
Convertible Stock [Member]
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	50,000				50,000	0
Common stock, par value (in dollars per share)	$0.01				$0.01
Common stock conversion terms, percent of paid distributions equal to price at which shares were originally sold	100.00%
Percent annual return on shares at price equal to distributions paid	7.00%
Common stock	500				500
Convertible Stock [Member] | Advisor [Member]
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	50,000
Common stock, par value (in dollars per share)	$0.01
Record Date of June 30, 2014 [Member]
Class of Stock [Line Items]
Authorized stock distribution		0.00625
Authorized stock distribution, percent of common stock outstanding		0.63%
Record Date of September 30, 2014 [Member]
Class of Stock [Line Items]
Distributions declared		29,694
Net Cash Distributions		11,197
Authorized stock distribution							0.01
Authorized stock distribution, percent of common stock outstanding							1.00%
Common Stock, Dividends, Per Share, Cash Paid		$0.00
Record Date, Every Day in the Period from December 31, 2014, through January 29, 2015 [Member]
Class of Stock [Line Items]
Net Cash Distributions			259,379
Common Stock, Dividends, Per Share, Cash Paid			$0.00
Record Date of December 31, 2014 [Member]
Class of Stock [Line Items]
Authorized stock distribution				0.008333
Authorized stock distribution, percent of common stock outstanding				0.83%
Retained Earnings [Member]
Class of Stock [Line Items]
Common stock issued through distribution reinvestment plan	-214,833
Retained Earnings [Member] | Record Date of September 30, 2014 [Member]
Class of Stock [Line Items]
Common stock issued through distribution reinvestment plan		($18,497)

Equity_Schedule_of_Common_Stoc

Equity - Schedule of Common Stock (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Class of Stock [Line Items]
Shares Issued	4,759,567	15,000
Gross Proceeds	$47,113,187
Shares Issued Through Distribution Reinvestment Plan, Gross Proceeds	46,748,354
Initial public offering [Member]
Class of Stock [Line Items]
Shares Issued	4,702,399
Gross Proceeds	46,748,354
Stock Distribution [Member]
Class of Stock [Line Items]
Shares Issued	19,554
Gross Proceeds	0
Distribution reinvestment plan [Member]
Class of Stock [Line Items]
Shares Issued	22,614
Shares Issued Through Distribution Reinvestment Plan, Gross Proceeds	214,833
Advisor's initial investment [Member]
Class of Stock [Line Items]
Shares Issued	15,000
Gross Proceeds	$150,000
Conversion of stock	5,000

Equity_Schedule_of_Dividend_Di

Equity - Schedule of Dividend Distributions (Details) (USD $)	12 Months Ended	0 Months Ended
	Dec. 31, 2014	Jun. 05, 2014	Oct. 06, 2014	Oct. 30, 2014	Nov. 13, 2014
Class of Stock [Line Items]
Distributions invested in shares of Common Stock	$0
Net Cash Distributions	113,952
Total Aggregate Distributions	328,785
Record Date of June 5, 2014 [Member]
Class of Stock [Line Items]
Per Common Share		$0.00
Net Cash Distributions		5,560
Total Aggregate Distributions		10,625
Record Date of August 31, 2014 [Member]
Class of Stock [Line Items]
Per Common Share		$0.00
Net Cash Distributions		8,844
Total Aggregate Distributions		19,930
Record Date of September 30, 2014 [Member]
Class of Stock [Line Items]
Per Common Share		$0.00
Net Cash Distributions		11,197
Total Aggregate Distributions		29,694
Record Date of October 30, 2014 [Member]
Class of Stock [Line Items]
Per Common Share			$0.00
Net Cash Distributions			13,970
Total Aggregate Distributions			41,113
Record Date of November 26, 2014 [Member]
Class of Stock [Line Items]
Per Common Share				$0.00
Net Cash Distributions				15,113
Total Aggregate Distributions				46,326
Record Date of December 30, 2014 [Member]
Class of Stock [Line Items]
Per Common Share					$0.00
Net Cash Distributions					59,268
Total Aggregate Distributions					181,097
Retained Earnings [Member]
Class of Stock [Line Items]
Distributions invested in shares of Common Stock	214,833
Retained Earnings [Member] | Record Date of June 5, 2014 [Member]
Class of Stock [Line Items]
Distributions invested in shares of Common Stock		5,065
Retained Earnings [Member] | Record Date of August 31, 2014 [Member]
Class of Stock [Line Items]
Distributions invested in shares of Common Stock		11,086
Retained Earnings [Member] | Record Date of September 30, 2014 [Member]
Class of Stock [Line Items]
Distributions invested in shares of Common Stock		18,497
Retained Earnings [Member] | Record Date of October 30, 2014 [Member]
Class of Stock [Line Items]
Distributions invested in shares of Common Stock			27,143
Retained Earnings [Member] | Record Date of November 26, 2014 [Member]
Class of Stock [Line Items]
Distributions invested in shares of Common Stock				31,213
Retained Earnings [Member] | Record Date of December 30, 2014 [Member]
Class of Stock [Line Items]
Distributions invested in shares of Common Stock					$121,829

Fair_Value_Measures_and_Disclo2

Fair Value Measures and Disclosures (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Additional Fair Value Elements [Abstract]
Carrying Amount - Mortgage notes payable	$38,540,000	$0
Fair Value - Mortgage notes payable	38,540,000
Fair Value, Measurements, Recurring [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, Fair Value Disclosure	53,002	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, Fair Value Disclosure	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, Fair Value Disclosure	53,002	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, Fair Value Disclosure	0	0
Interest Rate Cap [Member] | Fair Value, Measurements, Recurring [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Asset	53,002	0
Interest Rate Cap [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Asset	0	0
Interest Rate Cap [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Asset	53,002	0
Interest Rate Cap [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Asset	$0	$0

Derivatives_and_Hedging_Activi2

Derivatives and Hedging Activities - Outstanding Interest Rate Derivatives (Details) (Interest Rate Cap [Member], USD $)	Dec. 31, 2014
	derivative_contract
Interest Rate Cap [Member]
Derivatives, Fair Value [Line Items]
Number of Instruments	2
Notional Amount	$38,540,000

Derivatives_and_Hedging_Activi3

Derivatives and Hedging Activities - Fair Value of Derivative Instruments and Balance Sheet Classification (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Interest expense	$158,842	$0
Reclassification out of Accumulated Other Comprehensive Income [Member] | Scenario, Forecast [Member]
Derivatives, Fair Value [Line Items]
Interest expense			552
Interest Rate Cap [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives - Interest rate cap, Fair Value	53,002	0
Liabilities Derivatives - Interest rate cap, Fair Value	$0	$0

Operating_Expense_Limitation_D

Operating Expense Limitation (Details)	12 Months Ended
	Dec. 31, 2014
Other Income and Expenses [Abstract]
Limitation on total operating expenses, percentage of average invested assets for the four most recently completed fiscal quarter	2.00%
Limitation on total operating expenses, percentage of net income for the four most recently completed fiscal quarter	25.00%

Subsequent_Events_Details

Subsequent Events (Details) (Subsequent Event [Member], USD $)	0 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 24, 2015	Mar. 19, 2015	Jan. 26, 2015	Feb. 19, 2015
Subsequent Event [Line Items]
Common Stock, Dividends, Per Share, Declared	$0.00		$0.00
Number of units		216
Purchase Price		$32,500
Record Date of March 31, 2015 [Member]
Subsequent Event [Line Items]
Authorized stock distribution				0.005
Authorized stock distribution, percent of common stock outstanding				0.50%

Schedule_III_Real_Estate_and_A1

Schedule III Real Estate and Accumulated Depreciation - Schedule of Real Estate Owned (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$0
Initial cost to Company	54,972,576
Cost capitalized subsequent to acquisition	-89,576
Gross Amount at which carried at close of period	54,883,000	0	0
Accumulated Depreciation	-179,695	0	0
Residential, Dallas, Texas [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost to Company	9,148,637
Cost capitalized subsequent to acquisition	-94,229
Gross Amount at which carried at close of period	9,054,408
Accumulated Depreciation	-179,695
Residential, Fort Worth, Texas [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost to Company	45,823,939
Cost capitalized subsequent to acquisition	4,653
Gross Amount at which carried at close of period	45,828,592
Accumulated Depreciation	$0

Schedule_III_Real_Estate_and_A2

Schedule III Real Estate and Accumulated Depreciation - Reconciliations (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
SEC Schedule III, Real Estate, Other Additions	$0	$0
Investments in real estate:
Balance at beginning of the year	0	0
Acquisitions	54,972,576	0
Improvements, etc.	109,264	0
Dispositions during the period:	-198,840	0
Balance at end of year	54,883,000	0
Accumulated Depreciation:
Balance at beginning of year	0	0
Additions charged to expenses	179,695	0
Balance at the end of year	$179,695	$0