INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Hamilton Essex 81
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
Thereafter	$ 10,000,000
Total	10,000,000
Less: unamortized deferred financing costs	(130,996)
Debt maturities net of unamortized deferred financing costs	9,869,004	$ 8,049,703
345 Franklin
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
3/31/2017	131,657
3/31/2018	185,410
3/31/2019	192,714
3/31/2020	200,305
3/31/2021	208,196
Thereafter	9,081,718
Total	10,000,000
Less: unamortized deferred financing costs	(81,567)
Debt maturities net of unamortized deferred financing costs	9,918,433	9,911,775
Hamilton 1025
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
3/31/2017	4,714,301
Total	4,714,301
Less: unamortized deferred financing costs	(3,311)
Debt maturities net of unamortized deferred financing costs	4,710,990	4,778,978
Hamilton Bay Apts
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
3/31/2017	4,486,138
Total	4,486,138
Less: unamortized deferred financing costs	(5,567)
Debt maturities net of unamortized deferred financing costs	4,480,571	4,544,146
Hamilton Minuteman
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
3/31/2017	5,192,035
Total	5,192,035
Less: unamortized deferred financing costs	(3,033)
Debt maturities net of unamortized deferred financing costs	5,189,002	5,264,978
Hamilton on Main Apts
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
Thereafter	16,900,000
Total	16,900,000
Less: unamortized deferred financing costs	(135,098)
Debt maturities net of unamortized deferred financing costs	16,764,902	16,748,850
Dexter Park
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
3/31/2017	1,521,316
3/31/2018	1,608,251
3/31/2019	1,700,153
3/31/2020	79,723,703
Total	84,553,423
Less: unamortized deferred financing costs	(208,327)
Debt maturities net of unamortized deferred financing costs	84,345,096	$ 85,630,280
Total
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
3/31/2017	16,045,447
3/31/2018	1,793,661
3/31/2019	1,892,867
3/31/2020	79,924,008
3/31/2021	208,196
Thereafter	35,981,718
Total	135,845,897
Less: unamortized deferred financing costs	(567,899)
Debt maturities net of unamortized deferred financing costs	$ 135,277,998