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DISCONTINUED OPERATIONS AND SALES OF REAL ESTATE (Details) (USD $)
 12 Months Ended 3 Months Ended 1 Months Ended 3 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Jun. 30, 2011
Avon Street Apartments
May 31, 2013
Nashoba Apartments in Acton, Massachusetts
Jun. 30, 2013
Nashoba Apartments in Acton, Massachusetts
DISCONTINUED OPERATIONS AND SALES OF REAL ESTATE            
Total Revenues $ 193,480 $ 462,031 $ 799,813      
Operating and other expenses 172,322 348,714 605,294      
Depreciation and amortization 2,111 79,969 101,566      
Total Expenses 174,433 428,683 706,860      
Income from discontinued operations 19,047 33,348 92,953      
Gain on the sale of real estate property            
Sale price       8,750,000 4,300,000 4,300,000
Net book value       (594,035)   (476,766)
Expense of sale       (435,506)   (144,395)
Gain on the sale of real estate $ 3,678,839   $ 7,720,459 $ 7,720,459   $ 3,678,839