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MORTGAGE NOTES PAYABLE (Line of Credit) (Details)
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Dec. 03, 2021
USD ($)
Oct. 29, 2021
USD ($)
Sep. 30, 2015
Jul. 31, 2014
USD ($)
Aug. 31, 2014
Sep. 30, 2022
USD ($)
property
Sep. 30, 2021
USD ($)
Sep. 30, 2022
USD ($)
property
Sep. 30, 2021
USD ($)
Dec. 31, 2020
USD ($)
Jul. 31, 2017
USD ($)
Mar. 07, 2005
item
Line of Credit                        
Interest expense           $ 3,982,445 $ 3,393,518 $ 11,060,794 $ 10,136,630      
Hamilton Essex 81                        
Line of Credit                        
Interest expense           $ 116,185 $ 61,827 $ 257,574 $ 184,542      
Number of properties in which borrowing amount collateralized | item                       1
Mortgages payable | Hamilton Essex 81                        
Line of Credit                        
Term of debt     10 years                  
Mortgages payable | Hamilton on Main Apartments, LLC                        
Line of Credit                        
Term of debt         10 years              
Mortgages payable | LIBOR | Hamilton Essex 81                        
Line of Credit                        
Variable interest rate spread     2.18%                  
Line of Credit                        
Line of Credit                        
Maximum borrowings   $ 25,000,000   $ 25,000,000                
Maximum borrowings during modification period   $ 17,000,000                    
Term of debt   3 years   3 years                
Payment on line of credit $ 17,000,000                      
Additional applicable margin rate       2.50%                
Amount of refinancing costs   $ 179,000                    
Line of credit extension period                   1 year    
Extension fees paid                   $ 37,500 $ 128,000  
Number of properties in which borrowing amount collateralized | property           23   23        
Debt yield               8.05%        
Line of Credit | Current covenants                        
Line of Credit                        
Leverage ratio   65.00%                    
Tangible net worth   $ 200,000,000                    
Debt yield   9.50%                    
Debt service coverage ratio   1.60                    
Line of Credit | Revised covenants in place until September 30, 2022                        
Line of Credit                        
Leverage ratio   70.00%                    
Tangible net worth   $ 175,000,000                    
Debt yield   8.50%                    
Debt service coverage ratio   1.35                    
Line of Credit | Revised Covenants in place until December 31, 2022                        
Line of Credit                        
Debt yield   9.00%                    
Line of Credit | Federal Funds Rate                        
Line of Credit                        
Variable interest rate spread       0.50%                
Line of Credit | LIBOR                        
Line of Credit                        
Variable interest rate spread   3.00%   1.00%                
Line of Credit | Minimum                        
Line of Credit                        
Pledged interest ownership percentage               49.00%        
Line of Credit | Maximum                        
Line of Credit                        
Pledged interest ownership percentage               100.00%