I agree however the problem becomes 'what is corporate ownership'? I have some LL friends who own three houses who have formed a corporation but its just a single owner. I have some that own a rental however they manage them through a broker who does all the management and maintenance for a share of the rent and any capital gains. Then there are the guys who form a corporation with a few other guys so they can buy an apartment block but without those three friends pooling their money it would likely be owned by an international company.

I think the delineation is that single family homes should not be owned by corporations that have more than 4 shareholders with a set financial limit. If you want to buy a 16 unit apartment with three friends, go for it. But if you're Blackrock with billions of dollars and 155 million shares then you have no business buying ANY residential housing.