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Mortgage Payable and Other Secured Financing - Summary of Mortgage Payable and Other Secured Financing on the MF Properties, Net of Deferred Financing Costs (Details) - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Mortgage Loans on Real Estate [Line Items]    
Outstanding Mortgage Payable, net $ 35,540,174 $ 51,379,512
Period End Rate 4.21% 3.83%
Real Estate [Member] | Jade Park [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Mortgage Payable, net $ 7,468,548 $ 7,461,131
Year Acquired 2016 2016
Debt instrument, maturity date Oct. 01, 2021 Oct. 01, 2021
Variable / Fixed Fixed Fixed
Reset Frequency N/A N/A
Period End Rate 3.85% 3.85%
Real Estate [Member] | Eagle Village [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Mortgage Payable, net   $ 7,845,711
Year Acquired   2015
Debt instrument, maturity date   Sep. 01, 2018
Variable / Fixed   Variable
Reset Frequency   Monthly
Variable Based Rate [1]   0.63%
Facility Fees   3.00%
Period End Rate   3.63%
Real Estate [Member] | Residences at DeCordova [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Mortgage Payable, net   $ 1,744,858
Year Acquired   2012
Debt instrument, maturity date   Jun. 01, 2017
Variable / Fixed   Fixed
Reset Frequency   N/A
Period End Rate   4.75%
Real Estate [Member] | Residences at Weatherford [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Mortgage Payable, net   $ 5,589,086
Year Acquired   2011
Debt instrument, maturity date   Jun. 01, 2017
Variable / Fixed   Fixed
Reset Frequency   N/A
Period End Rate   4.75%
Tax Increment Financing [Member] | Real Estate [Member] | The 50/50 Student Housing--UNL [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Mortgage Payable, net $ 3,358,370 $ 3,656,090
Year Acquired 2014 2014
Debt instrument, maturity date Dec. 01, 2019 Dec. 01, 2019
Variable / Fixed Fixed Fixed
Reset Frequency N/A N/A
Period End Rate 4.65% 4.65%
Mortgages payable [Member] | Real Estate [Member] | The 50/50 Student Housing--UNL [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Mortgage Payable, net $ 24,713,256 $ 25,082,636
Year Acquired 2013 2013
Debt instrument, maturity date Mar. 01, 2020 Mar. 01, 2020
Variable / Fixed Variable Variable
Reset Frequency Monthly Monthly
Variable Based Rate [2] 4.25% 3.50%
Period End Rate 4.25% 3.50%
[1] Variable rate is based on 30-day LIBOR
[2] Variable rate is based on Wall Street Journal Prime Rate