INVESTMENTS IN UNCONSOLIDATED ENTITIES (Details 2) - USD ($) |
3 Months Ended | 6 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
Dec. 31, 2017 |
Dec. 31, 2016 |
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| Assets: | |||||||||||
| Cash and cash equivalents and restricted cash | $ 4,281,589 | $ 4,404,683 | $ 4,281,589 | $ 4,404,683 | $ 4,182,755 | $ 3,677,373 | |||||
| Expenses: | |||||||||||
| Impairment of real estate investment property | 862,190 | ||||||||||
| Santa Clara Property Tenant-in-Common Interest [Member] | |||||||||||
| Assets: | |||||||||||
| Real estate investments, net | 32,164,572 | 32,164,572 | 32,587,034 | ||||||||
| Cash and cash equivalents | 273,589 | 273,589 | 615,436 | ||||||||
| Other assets | 244,756 | 244,756 | 103,700 | ||||||||
| Total assets | 32,682,917 | 32,682,917 | 33,306,170 | ||||||||
| Liabilities: | |||||||||||
| Mortgage notes payable | 14,114,248 | 14,114,248 | 14,235,256 | ||||||||
| Below-market lease intangibles, net | 3,178,988 | 3,178,988 | 3,247,480 | ||||||||
| Other liabilities | 81,687 | 81,687 | 246,085 | ||||||||
| Total liabilities | 17,374,923 | 17,374,923 | 17,728,821 | ||||||||
| Total shareholders' equity | 15,307,994 | 15,307,994 | 15,577,349 | ||||||||
| Total liabilities and shareholders' equity | 32,682,917 | 32,682,917 | 33,306,170 | ||||||||
| Total revenue | [1] | 713,218 | 1,322,012 | ||||||||
| Expenses: | |||||||||||
| Depreciation and amortization | [1] | 248,136 | 495,349 | ||||||||
| Interest expense | [1] | 145,960 | 290,985 | ||||||||
| Other expense | [1] | 223,358 | 369,694 | ||||||||
| Total expenses | [1] | 617,454 | 1,156,028 | ||||||||
| Net income | [1] | 95,764 | 165,984 | ||||||||
| Other income: | |||||||||||
| Net income | [1] | 95,764 | 165,984 | ||||||||
| Rich Uncles Real Estate Investment Trust 1 [Member] | |||||||||||
| Assets: | |||||||||||
| Real estate investments, net | 127,870,774 | 127,870,774 | 131,166,670 | ||||||||
| Cash and cash equivalents and restricted cash | 4,606,282 | 4,606,282 | 6,027,807 | ||||||||
| Other assets | 3,083,486 | 3,083,486 | 2,658,777 | ||||||||
| Total assets | 135,560,542 | 135,560,542 | 139,853,254 | ||||||||
| Liabilities: | |||||||||||
| Mortgage notes payable | 61,839,052 | 61,839,052 | 62,277,387 | ||||||||
| Below-market lease intangibles, net | 3,535,926 | 3,535,926 | 3,966,008 | ||||||||
| Other liabilities | 3,644,436 | 3,644,436 | 2,937,247 | ||||||||
| Total liabilities | 69,019,414 | 69,019,414 | 69,180,642 | ||||||||
| Redeemable common stock | 224,035 | 224,035 | 586,242 | ||||||||
| Total shareholders' equity | 66,317,093 | 66,317,093 | 70,086,370 | ||||||||
| Total liabilities and shareholders' equity | 135,560,542 | 135,560,542 | $ 139,853,254 | ||||||||
| Total revenue | 3,365,163 | 3,507,951 | 6,596,381 | 6,234,218 | |||||||
| Expenses: | |||||||||||
| Depreciation and amortization | 1,409,093 | 1,452,354 | 2,857,337 | 2,670,428 | |||||||
| Interest expense | 631,838 | 761,743 | 1,116,711 | 1,222,944 | |||||||
| Impairment of real estate investment property | [2] | 862,190 | 0 | 862,190 | 0 | ||||||
| Other expense | 1,206,883 | 1,104,954 | 2,386,920 | 1,757,779 | |||||||
| Total expenses | 4,110,004 | 3,319,051 | 7,223,158 | 5,651,151 | |||||||
| Net income | (744,841) | 937,414 | (626,777) | 1,331,862 | |||||||
| Other income: | |||||||||||
| Other income | 0 | 748,514 | 0 | 748,795 | |||||||
| Net income | $ (744,841) | $ 937,414 | $ (626,777) | $ 1,331,862 | |||||||
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