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NOTES PAYABLE AS OF (Details) (USD $)
Jun. 19, 2012
May 30, 2012
May 25, 2012
Apr. 29, 2012
Mar. 28, 2012
Mar. 02, 2012
Jan. 30, 2012
Number of units located in Little Rock             240
New mortgage for Little Rock, Arkansas             $ 16,800,000
Existing mortgage paid Little Rock             16,100,000
Closing costs and escrow reserves Little Rock             1,000,000
Accrued interest rate - Little Rock mortgage             300.00%
Construction loan in the amount million             11.1
Number of units in Sonoma Court apartmetns           124  
Notes accrues interest, Sonoma Court apartments           535.00%  
Construction loan Blue Ridge apartments         24,200,000    
Number of units in Blue Ridge Apartments         290    
Notes accrues interest, Blue Ridge apartments         537.00%    
Number of units in Nashville, Tennessee       144      
Refinance the existing mortage for a new mortgage       11,000,000      
Paid off the existing mortgage       10,500,000      
Closing costs and escrow reserves (Nashville)       700,000      
Notes accrues interest (Nashville)       295.00%      
Number of units in Temple, Texas     232        
Refinance the existing mortage for a new mortgage (Temple, Texas)     16,800,000        
Paid off the existing mortgage (Temple, Texas)     16,400,000        
Closing costs and escrow reserves (Temple, Texas)     1,300,000        
Notes accrues interest (Temple, Texas)     303.00%        
Number of units in Waxahacie   70          
Refinance the existing mortage for a new mortgage Waxahacie   4,100,000          
Paid off the existing mortgage Waxahacie   3,900,000          
Closing costs and escrow reserves Waxahacie   200,000          
Notes accrues interest Waxahacie   285.00%          
Number of units in Pecan Creek 192            
Construction loan to fund the development $ 16,400,000            
Notes accrues interest Pecan Creek apartments 505.00%