The real estate investment landscape in the United States is not solely dominated by institutional buyers such as Wall Street giants-rather, small landlords with fewer than 11 properties make up more than 90% of investor-owned homes in the country. The latest Investor Pulse report by CJ Patrick Co. and BatchData reveals that even in states with high rates of investor ownership, it is primarily small landlords who are driving this trend, particularly in Maine, Montana, Alaska, and Hawaii.