While single-family homes have always accounted for a large chunk of all rental housing, the single-family rental industry emerging out of the foreclosure crisis looks different than the historical market. In addition to the smaller companies and individual mom and pop landlords who have collectively purchased millions of single-family homes, large institutional investors have also bought roughly 386,000 single-family homes since 2011, fueling a new industry of property management on a national level. What opportunities and risks does all of this new investment present for communities?