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Securities Available For Sale (Details Narrative) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Available for sale securities $ 109,079,105   $ 109,079,105   $ 108,755,172
Securities sold     7,470,315    
Gain on sale of securities available for sale $ 1,019,877 $ 782,373 1,051,768 $ 1,014,378  
Purchases of securities available for sale     13,699,545 $ 17,193,903  
Total net unrealized gains in REIT securities portfolio     $ 10,811,874    
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     51,975    
Common stock purchased from Monmouth Real Estate Investment Corporation, value     $ 718,774    
Weighted average cost per shares     $ 13.83    
Company owns total number of shares in MREIC     2,289,563    
Cost of common stock owned by the company for MREIC shares     $ 19,950,185    
Fair value of common stock owned by the company for MREIC shares     $ 34,457,920