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RELATED PARTY TRANSACTIONS (Details Textual) (USD $)
3 Months Ended 1 Months Ended 12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 27, 2015
Dec. 31, 2013
Dec. 31, 2014
Related Party Transaction [Line Items]          
Management Fee Percentage 1.50%oaks_ManagementFeePercentage        
Management fee $ 717,775us-gaap_ManagementFeeExpense $ 467,536us-gaap_ManagementFeeExpense      
Management Fee Payable 492,000us-gaap_ManagementFeePayable        
Operating expenses reimbursable to Manager 1,051,567us-gaap_CostOfReimbursableExpense 668,653us-gaap_CostOfReimbursableExpense      
Restricted stock compensation expense 25,647us-gaap_RestrictedStockExpense (55,100)us-gaap_RestrictedStockExpense      
Additional Cost Of Reimbursable Expense Waived 734,000oaks_AdditionalCostOfReimbursableExpenseWaived        
Manager Equity Plan [Member]          
Related Party Transaction [Line Items]          
Percentage Of Shares Issued 3.00%oaks_PercentageOfSharesIssued
/ us-gaap_PlanNameAxis
= oaks_ManagerEquityPlanMember
       
Restricted stock compensation expense 0us-gaap_RestrictedStockExpense
/ us-gaap_PlanNameAxis
= oaks_ManagerEquityPlanMember
       
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period     9,500us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
/ us-gaap_PlanNameAxis
= oaks_ManagerEquityPlanMember
   
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Excluding Stock Options     67,199us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
/ us-gaap_PlanNameAxis
= oaks_ManagerEquityPlanMember
   
Manager Equity Plan [Member] | Restricted Stock Units (Rsus) [Member]          
Related Party Transaction [Line Items]          
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights       One-third of these restricted common stock shares vest on each of the first, second and third anniversaries of the grant date.  
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Share-based Awards Other than Options 120,349us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
/ us-gaap_PlanNameAxis
= oaks_ManagerEquityPlanMember
       
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition 10 years 10 months 24 days        
Manager Equity Plan [Member] | Independent Director One [Member] | Restricted Stock Units (Rsus) [Member]          
Related Party Transaction [Line Items]          
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period         1,500us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
/ us-gaap_PlanNameAxis
= oaks_ManagerEquityPlanMember
/ us-gaap_TitleOfIndividualAxis
= oaks_IndependentDirectorOneMember
Manager Equity Plan [Member] | Independent Director Two [Member] | Restricted Stock Units (Rsus) [Member]          
Related Party Transaction [Line Items]          
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period         1,500us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
/ us-gaap_PlanNameAxis
= oaks_ManagerEquityPlanMember
/ us-gaap_TitleOfIndividualAxis
= oaks_IndependentDirectorTwoMember
Manager Equity Plan [Member] | Independent Director Three [Member] | Restricted Stock Units (Rsus) [Member]          
Related Party Transaction [Line Items]          
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period         1,500us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
/ us-gaap_PlanNameAxis
= oaks_ManagerEquityPlanMember
/ us-gaap_TitleOfIndividualAxis
= oaks_IndependentDirectorThreeMember
Manager Equity Plan [Member] | Independent Director [Member] | Restricted Stock Units (Rsus) [Member]          
Related Party Transaction [Line Items]          
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period         4,500us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
/ us-gaap_PlanNameAxis
= oaks_ManagerEquityPlanMember
/ us-gaap_TitleOfIndividualAxis
= oaks_IndependentDirectorMember
Common Stock Purchase Price       14.50oaks_CommonStockPurchasePrice
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
/ us-gaap_PlanNameAxis
= oaks_ManagerEquityPlanMember
/ us-gaap_TitleOfIndividualAxis
= oaks_IndependentDirectorMember
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Granted in Period, Fair Value       65,250oaks_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedInPeriodFairValue
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
/ us-gaap_PlanNameAxis
= oaks_ManagerEquityPlanMember
/ us-gaap_TitleOfIndividualAxis
= oaks_IndependentDirectorMember
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares         4,500us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
/ us-gaap_PlanNameAxis
= oaks_ManagerEquityPlanMember
/ us-gaap_TitleOfIndividualAxis
= oaks_IndependentDirectorMember
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value         50,715us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
/ us-gaap_PlanNameAxis
= oaks_ManagerEquityPlanMember
/ us-gaap_TitleOfIndividualAxis
= oaks_IndependentDirectorMember
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Weighted Average Grant Date Fair Value         11.27us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
/ us-gaap_PlanNameAxis
= oaks_ManagerEquityPlanMember
/ us-gaap_TitleOfIndividualAxis
= oaks_IndependentDirectorMember
Manager Equity Plan [Member] | Manager [Member] | Restricted Stock Units (Rsus) [Member]          
Related Party Transaction [Line Items]          
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period     28,500us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
/ us-gaap_PlanNameAxis
= oaks_ManagerEquityPlanMember
/ us-gaap_TitleOfIndividualAxis
= oaks_ManagerMember
   
Common Stock Purchase Price $ 10.65oaks_CommonStockPurchasePrice
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
/ us-gaap_PlanNameAxis
= oaks_ManagerEquityPlanMember
/ us-gaap_TitleOfIndividualAxis
= oaks_ManagerMember
       
Share-based Compensation Arrangement by Share-based Payment Award, Options, Granted in Period, Fair Value         101,175oaks_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedInPeriodFairValue
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
/ us-gaap_PlanNameAxis
= oaks_ManagerEquityPlanMember
/ us-gaap_TitleOfIndividualAxis
= oaks_ManagerMember