Note 16 - Subsequent Events	3 Months Ended
Mar. 31, 2025
Notes to Financial Statements
Subsequent Events [Text Block]	16. SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date through the date the financial statements were issued. Based upon this review, except as disclosed below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements other than those disclosed below. On April 7, 2025, the Company declared, a dividend on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”) for the months of April 2025, May 2025 and June 2025. In accordance with the terms of the Series D Preferred Stock, the April 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on May 15, 2025, to stockholders of record of Series D Preferred Stock as of the dividend record date of April 30, 2025. The May 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on June 16, 2025, to stockholders of record of Series D Preferred Stock as of the dividend record date of May 31, 2025. The June 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on July 15, 2025, to stockholders of record of Series D Preferred Stock as of the dividend record date of June 30, 2025. During April 2025, the Company acquired five Model Home Properties located in Texas. The purchase for these properties was $3.3 million. The purchase price consisted of cash payments of $1.0 million and mortgage notes of $2.3 million. During April 2025, the Company has sold three model homes for a total of approximately $1.5 million. The homes were purchased between 2020 and 2022 with a total acquisition price of approximately $1.4 million. On April 8, 2025, we commenced the Offer, a fixed price self-tender offer to purchase for cash all odd lots plus up to 2,000,000 shares of the Company’s Series A common stock, par value $0.01 per share, properly tendered and not properly withdrawn prior to the expiration date, subject to the Company’s ability to increase the number of shares accepted for payment in the offer by up to 2% of the Company’s outstanding common stock (resulting in an increase of up to approximately 283,080 shares) without amending or extending the offer in accordance with rules promulgated by the SEC, at $0.68 per share, net to the seller in cash, less any applicable withholding taxes and without interest. The Offer expired at 11:59 P.M., New York City time, on May 5, 2025. Based on the final count by the depositary for the Offer, 2,144,116 shares of Class A common stock were validly and successfully tendered and not properly withdrawn, including tenders of shares for which the tender was defective but for which the Company waived such defects. Pursuant to the terms of the Offer, the Company accepted for purchase 2,144,116 shares of Class A common stock, including 12,086 odd lot shares. Total cash required to complete the tender offer was approximately $1,458,000, excluding fees and expenses related to the Offer. We believe that the tender offer provided an efficient mechanism to provide our stockholders who desired immediate liquidity with the opportunity to tender shares at a favorable price relative to the current market price and without incurring broker’s fees associated with most secondary market sales, while also providing a benefit to those stockholders who did not participate, as such stockholders automatically increased their relative percentage ownership interest in the Company and our future operations, including any liquidity events that we may have in the future. Another purpose of the Offer was to reduce the number of our issued and outstanding shares and to reduce or eliminate all of our odd lots. Overall, we believe that the Offer was a prudent use of our financial resources given our business profile, capital structure, assets and liabilities.

Note 16 - Subsequent Events

3 Months Ended

Mar. 31, 2025

16. SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions that occurred after the balance sheet date through the date the financial statements were issued. Based upon this review, except as disclosed below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements other than those disclosed below.

On April 7, 2025, the Company declared, a dividend on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”) for the months of April 2025, May 2025 and June 2025. In accordance with the terms of the Series D Preferred Stock, the April 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on May 15, 2025, to stockholders of record of Series D Preferred Stock as of the dividend record date of April 30, 2025. The May 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on June 16, 2025, to stockholders of record of Series D Preferred Stock as of the dividend record date of May 31, 2025. The June 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on July 15, 2025, to stockholders of record of Series D Preferred Stock as of the dividend record date of June 30, 2025.

During April 2025, the Company acquired five Model Home Properties located in Texas. The purchase for these properties was $3.3 million. The purchase price consisted of cash payments of $1.0 million and mortgage notes of $2.3 million. During April 2025, the Company has sold three model homes for a total of approximately $1.5 million. The homes were purchased between 2020 and 2022 with a total acquisition price of approximately $1.4 million.

On April 8, 2025, we commenced the Offer, a fixed price self-tender offer to purchase for cash all odd lots plus up to 2,000,000 shares of the Company’s Series A common stock, par value $0.01 per share, properly tendered and not properly withdrawn prior to the expiration date, subject to the Company’s ability to increase the number of shares accepted for payment in the offer by up to 2% of the Company’s outstanding common stock (resulting in an increase of up to approximately 283,080 shares) without amending or extending the offer in accordance with rules promulgated by the SEC, at $0.68 per share, net to the seller in cash, less any applicable withholding taxes and without interest. The Offer expired at 11:59 P.M., New York City time, on May 5, 2025. Based on the final count by the depositary for the Offer, 2,144,116 shares of Class A common stock were validly and successfully tendered and not properly withdrawn, including tenders of shares for which the tender was defective but for which the Company waived such defects. Pursuant to the terms of the Offer, the Company accepted for purchase 2,144,116 shares of Class A common stock, including 12,086 odd lot shares. Total cash required to complete the tender offer was approximately $1,458,000, excluding fees and expenses related to the Offer. We believe that the tender offer provided an efficient mechanism to provide our stockholders who desired immediate liquidity with the opportunity to tender shares at a favorable price relative to the current market price and without incurring broker’s fees associated with most secondary market sales, while also providing a benefit to those stockholders who did not participate, as such stockholders automatically increased their relative percentage ownership interest in the Company and our future operations, including any liquidity events that we may have in the future. Another purpose of the Offer was to reduce the number of our issued and outstanding shares and to reduce or eliminate all of our odd lots. Overall, we believe that the Offer was a prudent use of our financial resources given our business profile, capital structure, assets and liabilities.