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Securities Available For Sale (Details Narrative) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Available for sale securities $ 111,046,262   $ 111,046,262   $ 75,011,260
Securities sold     10,431,184    
Gain on sale of securities available for sale $ 884,458 $ 47,671 1,898,836 $ 127,419  
Purchases of securities available for sale     23,453,933 $ 9,171,695  
Total net unrealized gains in REIT securities portfolio     $ 20,957,227    
Real Estate Investment Trusts [Member]          
Maximum percentage of undepreciated assets     20.00%    
Monmouth Real Estate Investment Corporation [Member]          
Common stock purchased from Monmouth Real Estate Investment Corporation     86,050    
Common stock purchased from Monmouth Real Estate Investment Corporation, value     $ 1,023,326    
Weighted average cost per shares     $ 11.89    
Company owns total number of shares in MREIC     2,211,321    
Cost of common stock owned by the company for MREIC shares     $ 18,878,380    
Fair value of common stock owned by the company for MREIC shares     $ 31,555,547