The variable interest rate of the debt instrument (reference rate plus basis spread).

No definition available.

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- Definition

The term for which interest is applicable.

+ References

No definition available.

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- Definition

Represents the number of properties that is used as security for the outstanding mortgage debt.

+ References

No definition available.

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- Definition

Percentage points added to the reference rate to compute the variable rate on the debt instrument.

+ References

No definition available.

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- Definition

Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.

+ References

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- Definition

Contractual interest rate for funds borrowed, under the debt agreement.

+ References

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

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- Definition

Amount, after accumulated amortization, of debt premium.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition

Weighted average interest rate of debt outstanding.

+ References

No definition available.

+ Details

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- Definition

Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

+ References

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- Definition

Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References

No definition available.

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- Definition

The interest rate applicable to the portion of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest at a set, unchanging rate.

+ References

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DEBT - Mortgage Debt and Summary of Debt (Details)		3 Months Ended
DEBT - Mortgage Debt and Summary of Debt (Details)	Aug. 22, 2018 USD ($)	Mar. 31, 2020 USD ($) property	Feb. 10, 2020 USD ($)	Dec. 31, 2019 USD ($)	Nov. 30, 2019	Oct. 31, 2019
Outstanding Debt:
Outstanding balance		$ 69,699,037
Premium on assumed debt, net		953,944		$ 389,285
Deferred financing costs, net		(1,634,072)		(1,080,040)
Debt, net		69,018,909		40,980,632
Revolving line of credit
Outstanding Debt:
Outstanding balance		5,200,000
Lender One \| Revolving line of credit
Outstanding Debt:
Line of credit	$ 3,000,000	$ 3,000,000		$ 3,000,000
Interest rate (as a percent)		5.00%		5.75%
Outstanding balance		$ 2,000,000
Lender One \| Revolving line of credit \| Minimum
Outstanding Debt:
Interest rate (as a percent)	5.00%	5.00%			5.00%	6.00%
Lender One \| Revolving line of credit \| U.S. Prime Rate
Outstanding Debt:
Basis spread (as a percent)	1.00%	1.00%
Lender Three \| Revolving line of credit
Outstanding Debt:
Line of credit		$ 5,000,000	$ 5,000,000
Interest rate (as a percent)		3.75%
Outstanding balance		$ 3,200,000
Lender Three \| Revolving line of credit \| U.S. Prime Rate
Outstanding Debt:
Basis spread (as a percent)		0.50%
Mortgage Debt
Debt
Number of house properties as security for mortgage debt \| property		7
Weighted-average interest rate (as a percent)		4.54%
Outstanding Debt:
Outstanding balance		$ 64,499,037		$ 41,671,387
Mortgage Debt \| Minimum
Debt
Fixed interest rate (as a percent)		3.70%
Mortgage Debt \| Maximum
Debt
Fixed interest rate (as a percent)		5.33%
Holiday Inn Express (the "Cedar Rapids Property") \| Mortgage Debt
Outstanding Debt:
Interest rate (as a percent)		5.33%
Outstanding balance		$ 5,665,211		5,527,392
Hampton Inn & Suites(the "Pineville Property") \| Mortgage Debt
Outstanding Debt:
Interest rate (as a percent)		5.13%
Outstanding balance		$ 9,109,397		9,154,289
Hampton Inn (the "Eagan Property") \| Mortgage Debt
Outstanding Debt:
Interest rate (as a percent)		4.60%
Outstanding balance		$ 9,317,590		9,369,276
Home2 Suites (the "Prattville Property") \| Mortgage Debt
Outstanding Debt:
Interest rate (as a percent)		4.13%
Outstanding balance		$ 9,620,000		9,620,000
Loan interest applicable term		12 years
Home2 Suites (the “Lubbock Home2 Property”) \| Mortgage Debt
Outstanding Debt:
Interest rate (as a percent)		4.69%
Outstanding balance		$ 7,950,051		$ 8,000,430
Fairfield Inn Lubbock Hotel \| Mortgage Debt
Outstanding Debt:
Interest rate (as a percent)		4.93%
Outstanding balance		$ 9,376,788
Homewood Suites (the "Southaven Property") \| Mortgage Debt
Outstanding Debt:
Interest rate (as a percent)		3.70%
Outstanding balance		$ 13,460,000