Exhibit 10.1

THIRD AMENDMENT TO REAL ESTATE

PURCHASE AND SALE AGREEMENT

THIS THIRD AMENDMENT TO REAL ESTATE PURCHASE AND SALE AGREEMENT (this “ Amendment ”) is made and entered into as of March 31, 2017 (the “ Effective Date ”), by and between EASY RENTALS, LLC, an Alabama limited liability company (“ Seller ”), an REVEN HOUSING REIT, INC., a Maryland corporation (“ Buyer ”).

RECITALS:

WHEREAS, Seller and Buyer entered in that certain Real Estate Purchase and Sale Agreement December 9, 2016 (the “ Original Contract ”), as amended by that certain Amendment to Real Estate Purchase and Sale Agreement dated February 17, 2017 and that certain Second Amendment to Real Estate Purchase and Sale Agreement dated March 1, 2017 (collectively, the “ Contract ”), pursuant to which Seller agreed to sell to Buyer certain real property consisting of 72 single family homes, including townhomes, in the State of Alabama, as more particularly described in the Contract, together with all of the improvements and structures located thereon, any heating and ventilating systems and other fixtures located therein or thereon, and all rights, interest, benefits, privileges, easements and appurtenances to the land and the Improvements, if any (collectively, the “ Premises ”);

WHEREAS, Buyer has previously elected to remove 3 single family homes from the Contract in accordance with the terms thereof, thereby reducing the number of single family homes comprising the Property to 69 homes;

WHEREAS, Buyer has requested that a portion of the Purchase Price (as defined in the Contract) be escrowed at Closing to protect Buyer against the loss of rental income arising from a potential reduction in funding by the U.S. Department of Housing and Urban Development (“ HUD ”) under HUD’s Section 8 Housing Assistance Payments Program (“ Section 8 ”);

WHEREAS, Seller and Buyer desire to amend the Contract in certain respects, all as more particularly described hereinbelow.

AGREEMENT:

NOW, THEREFORE, in consideration of the mutual promises and covenants contained in the Contract, and other good and valuable consideration, the receipt and sufficiency of what are hereby acknowledged by each of the parties, Seller and Buyer hereby agree as follows:

“(c) Covenants of Seller . Except as provided in subparagraph (3) below, Seller covenants and agrees that during the period from the date of this Agreement through and including the Closing Date:

(1)       Seller will timely pay and perform its obligations under the Leases and any contracts to be assumed by Buyer pursuant hereto.

(2)       All tenant repair requests, including move-in punch-list items have been fixed properly or will be fixed properly and paid for before the close of escrow.

(3)        Delivery of 8-06 Financials . From the date of this Agreement and until December 31, 2017, Seller agrees to prepare for delivery to Buyer, unaudited income statements, along with accompanying notes, with respect to the Property for the twelve months ended December 31, 2016 and the period ending March 31, 2017 (collectively, the “ Income Statement ”). The Income Statement shall be (a) in accordance with the books and records of Seller, (b) present fairly in all material respects the results of operations of the Property for the periods therein specified, (c) prepared in accordance with U.S. generally accepted accounting principles, consistently applied, and Rule 8-06 of Regulation S-X (17 C.F.R. Part 210), and (d) otherwise acceptable to Buyer in its reasonable discretion. Upon request from Buyer, Seller shall also provide to Buyer, any schedules or supporting documentation that Buyer may reasonably request that relate to the transactions included or to be included in the Income Statement. Upon request from Buyer, Seller agrees to cooperate with Buyer, and provide all assistance and access to the books and records of Seller, as required for the audit of the Income Statement. The audit of the Income Statement shall be at Buyer’s expense and shall be conducted by an independent accounting firm registered with the Public Company Accounting Oversight Board retained by Buyer. Upon request from Buyer, Seller shall provide the items listed in Exhibit H attached hereto and incorporated herein, to the extent in Seller’s possession or control. The covenants and obligations of Seller under this Section 7(c)(3) shall survive the Closing.”

EXECUTED by the parties on the respective dates described below, but to be effective as of the date set forth above.