Consolidated Statements of Operations (Restated) (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
REVENUES:
Interest income on loans secured by trust deeds	$ 1,359,906	$ 1,917,769	$ 2,802,655	$ 4,329,965
Gain on sale of real estate, net	6,504	279	12,880	188,933
Rental and other income from real estate properties	3,181,346	2,036,890	5,734,145	3,641,451
Income from investment in limited liability company	37,205	39,744	76,892	72,790
Other income	1,962	4,118	4,973	8,296
Total revenues	4,586,923	3,998,800	8,631,545	8,241,435
EXPENSES:
Management fees to general partner	530,604	480,906	1,285,835	1,055,317
Servicing fees to general partner	73,554	127,289	155,915	259,778
Administrative/accounting	48,996	15,000	111,205	30,000
Legal and professional	91,655	98,959	283,667	249,189
Rental and other expenses on real estate properties	3,538,358	2,201,297	6,433,857	4,176,843
Interest expense	132,392	542,205	263,820	1,110,511
Provision for loan losses	486,932	1,510,680	788,730	1,847,748
Impairment losses on real estate properties	291,602	465,294	291,602	465,294
Other	44,315	42,229	53,877	50,433
Total expenses	5,238,408	5,483,859	9,668,508	9,245,113
Net loss	(651,485)	(1,485,059)	(1,036,963)	(1,003,678)
Less: Net income attributable to non-controlling interests	(282,736)	(623)	(485,748)	(804)
Net loss attributable to Owens Mortgage Investment Fund	(934,221)	(1,485,682)	(1,522,711)	(1,004,482)
Net loss allocated to general partner	(9,068)	(14,515)	(17,744)	(9,503)
Net loss allocated to limited partners	$ (925,153)	$ (1,471,167)	$ (1,504,967)	$ (994,979)
Net loss allocated to limited partners per weighted average limited partnership unit	(0.003)	(0.005)	(0.005)	(0.003)
Weighted average limited partnership units (in Shares)	290,075,000	289,674,000	290,075,000	289,583,000