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Securities Available for Sale (Details Narrative) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Available for sale securities $ 132,212,410   $ 132,212,410   $ 108,755,172
Securities sold     10,660,124    
Gain on sale of securities available for sale $ 466,521 $ 884,458 1,518,289 $ 1,898,836  
Purchases of securities available for sale     38,002,778 $ 23,453,933  
Total net unrealized gains in REIT securities portfolio     $ 12,831,755    
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     75,836    
Common stock purchased from Monmouth Real Estate Investment Corporation, value     $ 1,084,324    
Weighted average cost per shares     $ 14.30    
Company owns total number of shares in MREIC     2,313,424    
Cost of common stock owned by the company for MREIC shares     $ 20,315,735    
Fair value of common stock owned by the company for MREIC shares     $ 37,454,330