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CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net cash flows provided by operating activities $ 204,725 $ 82,390
Investing activities:    
Acquisition of property (24,740,622) (21,854,119)
Payment of direct acquisition costs   (6,187)
Capital expenditures (72,330) (58,781)
Net cash used in investing activities (24,812,952) (21,919,087)
Financing activities:    
Subscriptions received for common stock through primary offering 19,009,962 16,448,354
Payment of underwriting compensation (984,483) (967,600)
Payment of cash distributions, net of distribution reinvestments (597,676) (259,767)
Redemptions of common stock (185,460)  
Proceeds from mortgages and notes payable 5,000,000 16,050,000
Payment of loan costs (91,649) (208,035)
Net cash flows provided by financing activities 22,150,694 31,062,952
Net (decrease) increase in cash and restricted cash (2,457,533) 9,226,255
Cash and restricted cash at beginning of period 12,421,919 6,360,241
Cash and restricted cash at end of period 9,964,386 15,586,496
Amounts incurred but not paid (including amounts due to related parties):    
Acquisition fees and expenses related to asset acquisition 91,097 24,900
Loan costs 27,807  
Selling commissions and dealer manager fees 41,651 16,438
Annual distribution and stockholder servicing fee 1,395,460 $ 549,449
Assumption of liabilities on acquisition of property $ 115,779