Owens Realty Mortgage (ORM) 10-Q 14 Nov 13 2013 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 06, 2013
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Owens Realty Mortgage, Inc.	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	10,934,364
Amendment Flag	'false	'
Entity Central Index Key	'0001556364	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	30-Sep-13	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'

Consolidated_Balance_Sheets_as

Consolidated Balance Sheets as Recast (1) (Unaudited) (USD $)	Sep. 30, 2013		Dec. 31, 2012
ASSETS	'		'
Cash and cash equivalents	$24,726,665	[1]	$21,131,505	[1]
Restricted cash	3,984,474	[1]	6,264,110	[1]
Loans, net of allowance for losses of $5,184,856 in 2013 and $24,417,897 in 2012	48,434,100	[1]	45,844,365	[1]
Interest and other receivables	1,501,004	[1]	3,485,061	[1]
Other assets, net of accumulated depreciation and amortization of $952,709 in 2013 and $877,589 in 2012	1,100,526	[1]	1,126,723	[1]
Investment in limited liability company	2,180,349	[1]	2,141,777	[1]
Real estate held for sale	5,925,595	[1]	56,173,094	[1]
Real estate held for investment, net of accumulated depreciation of $9,077,635 in 2013 and $6,518,160 in 2012	126,511,332	[1]	71,600,255	[1]
Total Assets	214,364,045	[1]	207,766,890	[1]
LIABILITIES:	'		'
Dividends payable	180,000	[1]	1,234,352	[1]
Due to Manager	271,391	[1]	298,349	[1]
Accounts payable and accrued liabilities	5,342,705	[1]	4,012,650	[1]
Deferred gains	3,635,310	[1]	1,327,406	[1]
Notes payable	14,160,565	[1]	13,384,902	[1]
Total Liabilities	23,589,971	[1]	20,257,659	[1]
Commitments and Contingencies (Note 12)	'	[1]	'	[1]
EQUITY:	'		'
Preferred stock, $.01 par value per share, 5,000,000 shares authorized, no shares issued and outstanding at September 30, 2013 and December 31, 2012	'	[1]	'	[1]
Common stock, $.01 par value per share, 50,000,000 shares authorized, 11,198,119 shares issued, 11,161,259 and 11,198,119 shares outstanding at September 30, 2013 and December 31, 2012, respectively	111,981	[1]	111,981	[1]
Additional paid-in capital	182,437,522	[1]	182,985,281	[1]
Treasury stock, at cost – 36,860 shares at September 30, 2013	-459,634		'
Retained earnings (accumulated deficit)	2,714,664	[1]	-3,637,331	[1]
Total stockholders’ equity	184,804,533	[1]	179,459,931	[1]
Non-controlling interests	5,969,541	[1]	8,049,300	[1]
Total Equity	190,774,074	[1]	187,509,231	[1]
Total Liabilities and Equity	$214,364,045	[1]	$207,766,890	[1]
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Consolidated_Balance_Sheets_as1

Consolidated Balance Sheets as Recast (1) (Unaudited) (Parentheticals) (USD $)	Sep. 30, 2013		Dec. 31, 2012
Loans, allowance for losses (in Dollars)	$5,184,856	[1]	$24,417,897	[1]
Other assets, accumulated amortization (in Dollars)	952,709	[1]	877,589	[1]
Real estate held for investment, accumulated depreciation (in Dollars)	$9,077,635	[1]	$6,518,160	[1]
Preferred stock, par value (in Dollars per share)	$0.01	[1]	$0.01	[1]
Preferred stock, shares authorized (in Shares)	5,000,000	[1]	5,000,000	[1]
Preferred stock, shares issued (in Shares)	0	[1]	0	[1]
Preferred stock, shares outstanding (in Shares)	0	[1]	0	[1]
Common stock, par value per share (in Dollars per share)	$0.01	[1]	$0.01	[1]
Common stock, shares authorized (in Shares)	50,000,000	[1]	50,000,000	[1]
Common stock, shares issued (in Shares)	11,198,119	[1]	11,198,119	[1]
Common stock, shares outstanding (in Shares)	11,161,259	[1]	11,198,119	[1]
Treasury stock, shares outstanding (in Shares)	36,860		0
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Consolidated_Statements_of_Ope

Consolidated Statements of Operations as Recast (1) (Unaudited) (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012
Revenues:	'		'		'		'
Interest income on loans	$749,929	[1]	$859,636	[1]	$2,360,891	[1]	$2,009,445	[1]
Gain on foreclosure of loan	'	[1]	'	[1]	952,357	[1]	'	[1]
Rental and other income from real estate properties	2,887,984	[1]	3,427,716	[1]	8,408,351	[1]	10,105,320	[1]
Income from investment in limited liability company	38,946	[1]	37,921	[1]	118,572	[1]	116,094	[1]
Other income	98	[1]	1,574	[1]	1,620	[1]	5,168	[1]
Total revenues	3,676,957	[1]	4,326,847	[1]	11,841,791	[1]	12,236,027	[1]
Expenses:	'		'		'		'
Management fees to Manager	373,067	[1]	405,324	[1]	1,264,668	[1]	1,301,201	[1]
Servicing fees to Manager	34,000		41,000		115,000		123,000
General and administrative expense	496,088	[1]	370,706	[1]	1,193,954	[1]	1,148,608	[1]
Rental and other expenses on real estate properties	2,071,900	[1]	2,626,057	[1]	6,403,757	[1]	7,786,233	[1]
Depreciation and amortization	539,532	[1]	371,937	[1]	1,941,887	[1]	1,846,158	[1]
Interest expense	129,229	[1]	131,360	[1]	385,064	[1]	392,735	[1]
Environmental remediation expense	'	[1]	'	[1]	'	[1]	100,000	[1]
(Reversal of) provision for loan losses	-419,860	[1]	551,570	[1]	-7,376,344	[1]	399,179	[1]
Impairment losses on real estate properties	0	[1]	614,786	[1]	0	[1]	1,033,266	[1]
Total expenses	3,223,871	[1]	5,112,898	[1]	3,928,319	[1]	14,130,680	[1]
Operating income (loss)	453,086	[1]	-786,051	[1]	7,913,472	[1]	-1,894,653	[1]
Gain on sales of real estate, net	251,887	[1]	1,859,230	[1]	2,712,096	[1]	2,652,542	[1]
Net income and comprehensive income	704,973	[1]	1,073,179	[1]	10,625,568	[1]	757,889	[1]
Less: Net (income) loss attributable to non-controlling interests	-3,899	[1]	41,149	[1]	-2,063,545	[1]	-515,289	[1]
Net income and comprehensive income attributable to common stockholders	701,074	[1]	1,114,328	[1]	8,562,023	[1]	242,600	[1]
Per common share data:	'		'		'		'
Basic and diluted earnings per common share (in Dollars per share)	$0.06	[1]	$0.10	[1]	$0.76	[1]	$0.02	[1]
Basic and diluted weighted average number of common shares outstanding (in Shares)	11,196,646	[1]	11,198,119	[1]	11,197,622	[1]	11,198,119	[1]
Dividends declared per share of common stock (in Dollars per share)	$0.05	[1]	$0.03	[1]	$0.20	[1]	$0.06	[1]
Manager [Member]	'		'		'		'
Expenses:	'		'		'		'
Servicing fees to Manager	$33,915	[1]	$41,158	[1]	$115,333	[1]	$123,300	[1]
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity as Recast (1) (Unaudited) (USD $)		Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]		Retained Earnings [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2011	[1]	$111,981	$180,933,978	'		'	$181,045,959	$17,519,828	$198,565,787
Balance (in Shares)	[1]	11,198,119	'	'		'	'	'	'
Net income	[1]	'	'	'		242,600	242,600	515,289	757,889
Offering costs incurred	[1]	'	-521,111	'		'	-521,111	'	-521,111
Change in ownership interests in consolidated LLC (Note 6)	[1]	'	2,759,767	'		'	2,759,767	-9,959,767	-7,200,000
Dividends declared	[1]	'	'	'		-627,868	-627,868	'	-627,868
Distributions to noncontrolling interests	[1]	'	'	'		'	'	-16,187	-16,187
Balance at Sep. 30, 2012	[1]	111,981	183,172,634	'		-385,268	182,899,347	8,059,163	190,958,510
Balance at Jun. 30, 2012		'	'	'		'	'	'	'
Balance (in Shares)	[1]	11,198,119	'	'		'	'	'	'
Net income	[1]	'	'	'		'	'	'	1,073,179
Balance at Sep. 30, 2012	[1]	111,981	'	'		'	'	'	190,958,510
Balance at Dec. 31, 2012	[1]	111,981	182,985,281	'		-3,637,331	179,459,931	8,049,300	187,509,231
Balance (in Shares)	[1]	11,198,119	'	-36,860		'	'	'	'
Net income	[1]	'	'	'		8,562,023	8,562,023	2,063,545	10,625,568
Offering costs incurred	[1]	'	-527,785	'		'	-527,785	'	-527,785
Distribution to stockholders for fractional shares upon conversion	[1]	'	-19,974	'		'	-19,974	'	-19,974
Dividends declared	[1]	'	'	'		-2,210,028	-2,210,028	'	-2,210,028
Purchase of treasury stock		'	'	-459,634	[1]	'	-459,634	'	-459,634	[1]
Purchase of treasury stock (in Shares)	[1]	'	'	-36,860		'	'	'	'
Distributions to noncontrolling interests	[1]	'	'	'		'	'	-4,143,304	-4,143,304
Balance at Sep. 30, 2013	[1]	111,981	182,437,522	-459,634		2,714,664	184,804,533	5,969,541	190,774,074
Balance at Jun. 30, 2013		'	'	'		'	'	'	'
Balance (in Shares)	[1]	11,198,119	'	'		'	'	'	'
Net income	[1]	'	'	'		'	'	'	704,973
Balance at Sep. 30, 2013	[1]	$111,981	'	'		'	'	'	$190,774,074
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows as Recast (1) (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2013		Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:	'		'
Net income	$10,625,568	[1]	$757,889	[1]
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:	'		'
Gain on sales of real estate, net	-2,712,096	[1]	-2,652,542	[1]
Gain on foreclosure of loan	-952,357	[1]	'	[1]
Income from investment in limited liability company	-118,572	[1]	-116,094	[1]
(Reversal of) provision for loan losses	-7,376,344	[1]	399,179	[1]
Impairment losses on real estate properties	0	[1]	1,033,266	[1]
Depreciation and amortization	1,941,887	[1]	1,846,158	[1]
Changes in operating assets and liabilities:	'		'
Interest and other receivables	580,868	[1]	-601,573	[1]
Other assets	-35,441	[1]	-529,623	[1]
Accounts payable and accrued liabilities	-2,213,885	[1]	485,770	[1]
Due to Manager	-26,958	[1]	-46,500	[1]
Net cash (used in) provided by operating activities	-287,330	[1]	575,930	[1]
CASH FLOWS FROM INVESTING ACTIVITIES:	'		'
Principal collected on loans	13,978,529	[1]	5,585,586	[1]
Investment in loans	-12,878,852	[1]	'	[1]
Investment in real estate properties	-2,032,333	[1]	-2,436,773	[1]
Net proceeds from disposition of real estate properties	11,108,406	[1]	8,866,691	[1]
Purchases of vehicles and equipment	-13,482	[1]	-24,656	[1]
Transfer from restricted to unrestricted cash	2,279,636	[1]	21,000	[1]
Maturities of certificates of deposit	'	[1]	1,993,197	[1]
Purchases of certificates of deposit	'	[1]	-996,000	[1]
Distribution received from investment in limited liability company	80,000	[1]	65,000	[1]
Net cash provided by investing activities	12,521,904	[1]	13,074,045	[1]
CASH FLOWS FROM FINANCING ACTIVITIES:	'		'
Repayments on note payable	-224,337	[1]	-116,676	[1]
Distributions to non-controlling interests	-4,143,304	[1]	-16,187	[1]
Purchase of member’s interest in consolidated LLC	'	[1]	-7,200,000	[1]
Offering costs incurred and paid	-527,785	[1]	-521,111	[1]
Distributions to stockholders for fractional shares	-19,974	[1]	'	[1]
Purchase of treasury stock	-459,634		'
Dividends paid	-3,264,380	[1]	-701,452	[1]
Net cash used in financing activities	-8,639,414	[1]	-8,555,426	[1]
Net increase in cash and cash equivalents	3,595,160	[1]	5,094,549	[1]
Cash and cash equivalents at beginning of period	21,131,505	[1]	12,232,121	[1]
Cash and cash equivalents at end of period	24,726,665	[1]	17,326,670	[1]
Supplemental Disclosure of Cash Flow Information	'		'
Cash paid during the period for interest (including amounts capitalized)	469,510	[1]	394,671	[1]
Supplemental Disclosure of Non-Cash Activity	'		'
Increase in real estate from loan foreclosures	18,650,121		'
Decrease in loans, net of allowance for loan losses, from loan foreclosures	-15,609,812		'
Decrease in interest and other receivables from loan foreclosures	-1,380,309		'
Increase in loans from sales of real estate	11,900,000		1,320,000
Increase in deferred gains from sales of real estate	-2,344,052		'
Decrease in non-controlling interest from change in ownership interests	'		2,759,767
Change in capital expenditures financed through accounts payable	-2,833,940		'
Accounts Payable and Accrued Liabilities [Member]	'		'
Supplemental Disclosure of Non-Cash Activity	'		'
Increase in accounts payable and accrued liabilities from loan foreclosure	-660,000		'
Increase in notes payable from loan foreclosure	-660,000		'
Notes Payable, Other Payables [Member]	'		'
Supplemental Disclosure of Non-Cash Activity	'		'
Increase in accounts payable and accrued liabilities from loan foreclosure	-1,000,000		'
Increase in notes payable from loan foreclosure	($1,000,000)		'
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_1_Organization

Note 1 - Organization	9 Months Ended
	Sep. 30, 2013
Disclosure Text Block [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	NOTE 1 – ORGANIZATION
	Owens Realty Mortgage, Inc. (the “Company”) was incorporated on August 9, 2012, under the laws of the State of Maryland and was authorized to issue 1,000,000 shares of $0.01 par value common stock at the time of its incorporation. At the time of its incorporation, William C. Owens was issued 1,000 shares of common stock, $.01 par value per share, in exchange for cash consideration of $1.00 per share (for total consideration of $1,000). Per the Articles of Amendment and Restatement of the Company dated January 23, 2013, the authorized shares of common stock were increased to 50,000,000 shares, $0.01 par value per share. In addition, the Company is now authorized to issue 5,000,000 shares of preferred stock at $0.01 par value per share. The Company was created to effect the merger (the “Merger”) of Owens Mortgage Investment Fund, a California Limited Partnership (“OMIF”) with and into the Company as described in the Registration Statement on Form S-4, as amended, of the Company, declared effective on February 12, 2013 (File No. 333-184392). The Merger was part of a plan to reorganize the business operations of OMIF so that it could elect to qualify as a real estate investment trust for Federal income tax purposes. The Merger was approved by OMIF limited partners on April 16, 2013 and was completed on May 20, 2013.
	Upon effectiveness of the Merger, the outstanding 1,000 shares of common stock of the Company held by William C. Owens were cancelled in exchange for $1,000, and every 25 limited partner units of OMIF were converted into one share of common stock of the Company. Additionally, the units representing the general partner interests of Owens Financial Group, Inc. (“OFG”) were treated as follows: i) the 1,496,000 units representing the interest that was an expense of OMIF were cancelled, and ii) the 1,378,256 units representing the interest relating to cash contributions made by OFG to the capital of OMIF were converted into shares of common stock of the Company in the same manner limited partnership units were converted into shares of common stock. No fractional shares were issued in the Merger; instead, cash adjustments were paid in respect of shares otherwise issuable. The Company now, by virtue of the Merger, directly or indirectly owns all of the assets and business formerly owned by OMIF and is a deemed successor issuer to OMIF pursuant to Rule 12g-3(a) under the Securities Exchange Act of 1934, as amended. For accounting purposes, the merger of OMIF with and into the Company has been treated as a transfer of assets and exchange of shares between entities under common control. The accounting basis used to initially record the assets and liabilities in the Company is the carryover basis of OMIF. The consolidated financial statements included in this Form 10-Q reflect the extinguishment of OMIF’s partners’ capital and replacement with 11,198,119 shares of common stock and additional paid –in capital as if the Merger occurred on December 31, 2011. In addition, capitalized offering costs incurred during 2012 were reclassified from Other Assets to Additional Paid-in Capital in the accompanying consolidated financial statements.
	The Company intends to elect and qualify to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”), commencing with the Company’s taxable year ended December 31, 2013. As a REIT, the Company will be permitted to deduct distributions made to its stockholders, allowing its income and gain represented by such distributions to avoid taxation at the entity level and to be taxed generally only at the stockholder level. The Company intends to distribute substantially all of its income and gain. As a REIT, however, the Company will be subject to separate, corporate-level tax, including potential 100% penalty taxes under various circumstances, as well as certain state and local taxes. In addition, the Company’s taxable REIT subsidiaries will be subject to full corporate income tax. Furthermore, the Company’s ability to qualify as a REIT will depend upon its continuing satisfaction of various requirements, such as those related to the diversity of its stock ownership, the nature of its assets, the sources of its income and the distributions to its stockholders, including a requirement that the Company distribute to its stockholders at least 90% of its REIT taxable income on an annual basis (determined without regard to the dividends paid deduction and by excluding net capital gain).

Note_2_Summary_of_Significant_

Note 2 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	In the opinion of the management of the Company, the accompanying unaudited financial statements contain all adjustments, consisting of normal, recurring adjustments, necessary to present fairly the financial information included therein. Certain information and footnote disclosures presented in the annual consolidated financial statements are not included in these interim financial statements. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Form 10-K of OMIF (the predecessor entity) for the fiscal year ended December 31, 2012 filed with the Securities and Exchange Commission (“SEC”). The results of operations for the three and nine months ended September 30, 2013 are not necessarily indicative of the operating results to be expected for the full year ending December 31, 2013. The Company evaluates subsequent events up to the date it files its Form 10-Q with the SEC.
	Basis of Presentation
	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its wholly-owned taxable REIT subsidiary (TRS) and its majority- and wholly-owned limited liability companies (see notes 5 and 6). The Company is in the business of providing mortgage lending services and manages its business as one operating segment. Due to foreclosure activity, the Company also owns and manages real estate assets.
	Certain reclassifications, not affecting previously reported net income or total stockholders’ equity, have been made to the previously issued consolidated financial statements to conform to the current period presentation.
	Management Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Such estimates relate principally to the determination of the allowance for loan losses, including the valuation of impaired loans, the valuation of real estate held for sale and investment, and the estimate of the environmental remediation liability (see notes 4 and 12). Fair value estimates are derived from information available in the real estate markets including similar property and often require the experience and judgment of third parties such as real estate appraisers and brokers. The estimates figure materially in calculating the value of the property at acquisition, the level of charge to the allowance for loan losses and any subsequent valuation reserves or write-downs. Such estimates are inherently imprecise and actual results could differ significantly from such estimates.
	Significant Accounting Policies
	Cash and Cash Equivalents
	Cash and cash equivalents include funds on deposit with financial institutions.
	Restricted Cash
	Restricted cash includes contingency reserves required pursuant to the Company’s charter, cash reserved for Company purchases of its own common stock and escrow deposits for property taxes to be paid on certain Company real estate properties.
	Concentration of Credit Risk
	Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and loans. The Company places its cash and cash equivalents with financial institutions and, at times, cash held may exceed the Federal Deposit Insurance Corporation, or “FDIC”, insured limit. The Company has exposure to credit risk on its loans and other investments. The Company’s manager, OFG, will seek to manage credit risk by performing analysis of underlying collateral assets.
	Loans
	Loans are stated at the principal amount outstanding. The Company’s portfolio consists primarily of real estate loans generally collateralized by first, second and third deeds of trust. Interest income on loans is accrued by the simple interest method. Loans are generally placed on nonaccrual status when the borrowers are past due greater than ninety days or when full payment of principal and interest is not expected. When a loan is classified as nonaccrual, interest accruals discontinue and all past due interest remains accrued until the loan becomes current, is paid off or is foreclosed upon. Interest accruals are resumed on such loans only when they are brought fully current with respect to interest and principal and when, in the judgment of management, the loans are estimated to be fully collectible as to both principal and interest. Cash receipts on nonaccrual loans are used to reduce any outstanding accrued interest, and then are recorded as interest income, except when such payments are specifically designated as principal reduction or when management does not believe the Company’s investment in the loan is fully recoverable.
	Allowance for Loan Losses
	Loans and the related accrued interest and advances are analyzed by management on a periodic basis for ultimate recovery. The allowance for loan losses is an estimate of credit losses inherent in the Company’s loan portfolio that have been incurred as of the balance sheet date. The allowance is established through a provision for loan losses which is charged to expense. Additions to the allowance are expected to maintain the adequacy of the total allowance after credit losses and loan growth. Credit exposures determined to be uncollectible are charged against the allowance. Cash received on previously charged off amounts is recorded as a recovery to the allowance. The overall allowance consists of two primary components, specific reserves related to impaired loans and general reserves for inherent losses related to loans that are not impaired.
	Regardless of a loan type, a loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due, including principal and interest, according to the contractual terms of the original agreement or when monthly payments are delinquent for more than 90 days on a loan. All loans determined to be impaired are individually evaluated for impairment. When a loan is impaired, management estimates impairment based on the present value of expected future cash flows discounted at the loan's effective interest rate, except that as a practical expedient, it may measure impairment based on a loan's observable market price, or the fair value of the collateral if the loan is collateral dependent. A loan is collateral dependent if the repayment of the loan is expected to be provided solely by the underlying collateral. These valuations are generally updated during the fourth quarter but may be updated during interim periods if deemed appropriate by management.
	A restructuring of a debt constitutes a troubled debt restructuring (“TDR”) if the Company for economic or legal reasons related to the debtor's financial difficulties grants a concession to the debtor that it would not otherwise consider. Restructured loans typically present an elevated level of credit risk as the borrowers are not able to perform according to the original contractual terms. Loans that are reported as TDR’s are considered impaired and measured for impairment as described above.
	The determination of the general reserve for loans that are not impaired is based on estimates made by management, to include, but not limited to, consideration of historical losses by portfolio segment, internal asset classifications, and qualitative factors to include economic trends in the Company’s service areas, industry experience and trends, geographic concentrations, estimated collateral values, the Company’s underwriting policies, the character of the loan portfolio, and probable losses inherent in the portfolio taken as a whole.
	The Company maintains a separate allowance for each portfolio segment (loan type). These portfolio segments include commercial real estate, residential real estate and land loans. The allowance for loan losses attributable to each portfolio segment, which includes both impaired loans and loans that are not impaired, is combined to determine the Company’s overall allowance, which is included on the consolidated balance sheet. The reserve for loans that are not impaired consists of reserve factors that are based on management’s assessment of the following for each portfolio segment: (1) inherent credit risk, (2) historical losses, and (3) other qualitative factors. These reserve factors are inherently subjective and are driven by the repayment risk associated with each portfolio segment described below.
	Commercial and Residential Real Estate Loans –Adverse economic developments or an overbuilt market impact commercial and residential real estate projects and may result in troubled loans. Trends in vacancy rates of properties impact the credit quality of these loans. High vacancy rates reduce operating revenues and the ability for properties to produce sufficient cash flow to service debt obligations.
	Land Loans – These loans generally possess a higher inherent risk of loss than other real estate portfolio segments. A major risk arises from the necessity to complete projects within specified costs and time lines. Trends in the construction industry significantly impact the credit quality of these loans as demand drives construction activity. In addition, trends in real estate values significantly impact the credit quality of these loans, as property values determine the economic viability of construction projects.
	Rental Income
	The Company leases multifamily rental units under operating leases with terms of generally one year or less. Rental revenue is recognized, net of rental concessions, on a straight-line method over the related lease term. Rental income on commercial property is recognized on a straight-line basis over the term of each operating lease. Recognition of gains on the sale of real estate is dependent upon the transaction meeting certain criteria related to the nature of the property and the terms of the sale including potential seller financing.
	Real Estate Held for Sale
	Real estate held for sale includes real estate acquired in full or partial settlement of loan obligations, generally through foreclosure, and is being marketed for sale. Real estate held for sale is recorded at acquisition at the property’s estimated fair value less estimated costs to sell. Any excess of the recorded investment in the loan over the net realizable value is charged against the allowance for loan losses.
	After acquisition, costs incurred relating to the development and improvement of property are capitalized to the extent they do not cause the recorded value to exceed the net realizable value, whereas costs relating to holding and disposition of the property are expensed as incurred. After acquisition, real estate held for sale is analyzed periodically for changes in fair values and any subsequent write down is charged to impairment losses on real estate properties. Any recovery in the fair value subsequent to such a write down is recorded (not to exceed the net realizable value at acquisition) as an offset to impairment losses on real estate properties. Recognition of gains on the sale of real estate is dependent upon the transaction meeting certain criteria related to the nature of the property and the terms of the sale including potential seller financing.
	Real Estate Held for Investment
	Real estate held for investment includes real estate acquired in full or partial settlement of loan obligations, generally through foreclosure, and is not being marketed for sale and is either being operated, such as rental properties; is being managed through the development process, including obtaining appropriate and necessary entitlements, permits and construction; or are idle properties awaiting more favorable market conditions. Real estate held for investment is recorded at acquisition at the property’s estimated fair value, less estimated costs to sell.
	After acquisition, costs incurred relating to the development and improvement of the property are capitalized, whereas costs relating to operating or holding the property are expensed. Subsequent to acquisition, management periodically compares the carrying value of real estate to expected undiscounted future cash flows for the purpose of assessing the recoverability of the recorded amounts. If the carrying value exceeds future undiscounted cash flows, the assets are reduced to estimated fair value.
	Depreciation of real estate properties held for investment is provided on the straight-line method over the estimated remaining useful lives of buildings and improvements (5-39 years). Depreciation of tenant improvements is provided on the straight-line method over the lives of the related leases.
	The Company reclassifies real estate properties from held for investment to held for sale in the period in which all of the following criteria are met: 1) Management commits to a plan to sell the property; 2) The property is available for immediate sale in its present condition; 3) An active program to locate a buyer has been initiated; 4) The sale of the property is probable and the transfer of the property is expected to qualify for recognition as a completed sale, within one year; and 5) Actions required to complete the plan indicate it is unlikely that significant changes to the plan will be made or the plan will be withdrawn.
	If circumstances arise that previously were considered unlikely, and, as a result, the Company decides not to sell a real estate property classified as held for sale, the property is reclassified to held for investment. The property is then measured individually at the lower of its carrying amount, adjusted for depreciation or amortization expense that would have been recognized had the property been continuously classified as held for investment or its fair value at the date of the subsequent decision not to sell.
	Environmental Remediation Liability
	Liabilities related to future environmental remediation costs are recorded when remediation or monitoring or both are probable and the costs can be reasonably estimated. The Company’s environmental remediation liability related to the property located in Santa Clara, California (held within 1850 De La Cruz, LLC – see Notes 4 and 12) was recorded based on a third party consultant’s estimate of the costs required to remediate and monitor the contamination.
	Earnings per Share
	The Company calculates basic earnings (loss) per share by dividing net income (loss) allocable to common stockholders for the period by the weighted-average shares of common stock outstanding for that period. Diluted earnings (loss) per share takes into effect any dilutive instruments, except when doing so would be anti-dilutive. At the present time, the Company has not issued any restricted stock or restricted stock units.
	Income Taxes
	The Company intends to elect and qualify for taxation as a REIT. As a result of the Company’s expected REIT qualification and its distribution policy, the Company does not generally expect to pay U.S. federal corporate level income taxes. Many of the REIT requirements, however, are highly technical and complex. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that the Company distribute annually at least 90% of the Company’s REIT taxable income to the Company’s stockholders. If the Company has previously qualified as a REIT and fails to qualify as a REIT in any subsequent taxable year and does not qualify for certain statutory relief provisions, the Company will be subject to U.S. federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may be precluded from qualifying as a REIT for the Company’s four subsequent taxable years. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain U.S. federal, state, local and foreign taxes on the Company’s income and property and to U.S. federal income and excise taxes on the Company’s undistributed REIT taxable income.
	ASC 740 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Company has analyzed its various federal and state filing positions and believes that its income tax filing positions and deductions are well documented and supported.
	As of September 30, 2013 and December 31, 2012, the Company has not recorded a reserve for any uncertain income tax positions. There has been no interest or penalties incurred to date.

Note_3_Loans_and_Allowance_for

Note 3 - Loans and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2013
Receivables [Abstract]	'
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	'
	NOTE 3 – LOANS AND ALLOWANCE FOR LOAN LOSSES
	The following table shows the allocation of the allowance for loan losses as of and for the three and nine months ended September 30, 2013 by portfolio segment and by impairment methodology:
	2013	Commercial			Residential			Land			Total
	Allowance for loan losses:
		Three Months Ended September 30, 2013
	Beginning balance	$	1,216,857		$	4,378,847		$	9,012		$	5,604,716
	Charge-offs		—			—			—			—
	(Reversal) Provision		(420,085	)		222			3			(419,860	)
	Ending Balance	$	796,772		$	4,379,069		$	9,015		$	5,184,856
		Nine Months Ended September 30, 2013
	Beginning balance	$	1,606,925		$	4,288,108		$	18,522,864		$	24,417,897
	Charge-offs		—			—			(11,856,697	)		(11,856,697	)
	(Reversal) Provision		(810,153	)		90,961			(6,657,152	)		(7,376,344	)
	Ending balance	$	796,772		$	4,379,069		$	9,015		$	5,184,856
		As of September 30, 2013
	Ending balance: individually evaluated for impairment	$	446,711		$	3,644,145		$	—		$	4,090,856
	Ending balance: collectively evaluated for impairment	$	350,061		$	734,924		$	9,015		$	1,094,000
	Ending balance	$	796,772		$	4,379,069		$	9,015		$	5,184,856
	Loans:
	Ending balance	$	19,318,878		$	29,124,575		$	5,175,503		$	53,618,956
	Ending balance: individually evaluated for impairment	$	14,066,878		$	10,304,575		$	4,975,503		$	29,346,956
	Ending balance: collectively evaluated for impairment	$	5,252,000		$	18,820,000		$	200,000		$	24,272,000
	The following table shows the allocation of the allowance for loan losses for the three and nine months ended September 30, 2012 and as of December 31, 2012 by portfolio segment and by impairment methodology:
	2012	Commercial			Residential			Land			Total
	Allowance for loan losses:
		Three Months Ended September 30, 2012
	Beginning balance	$	2,369,287		$	3,855,281		$	18,164,938		$	24,389,506
	(Reversal) Provision		(167,073	)		(211,200	)		929,843			551,570
	Ending Balance	$	2,202,214		$	3,644,081		$	19,094,781		$	24,941,076
		Nine Months Ended September 30, 2012
	Beginning balance	$	2,951,543		$	3,855,281		$	17,735,073		$	24,541,897
	(Reversal) Provision		(749,329	)		(211,200	)		1,359,708			399,179
	Ending balance	$	2,202,214		$	3,644,081		$	19,094,781		$	24,941,076
		As of December 31, 2012
	Ending balance: individually evaluated for impairment	$	446,904		$	3,644,129		$	18,522,864		$	22,613,897
	Ending balance: collectively evaluated for impairment	$	1,046,681		$	757,319		$	—		$	1,804,000
	Ending balance	$	1,493,585		$	4,401,448		$	18,522,864		$	24,417,897
	Loans:
	Ending balance	$	21,884,292		$	19,199,631		$	29,178,339		$	70,262,262
	Ending balance: individually evaluated for impairment	$	9,694,292		$	10,379,631		$	29,178,339		$	49,252,262
	Ending balance: collectively evaluated for impairment	$	12,190,000		$	8,820,000		$	—		$	21,010,000
	The following tables show an aging analysis of the loan portfolio by the time past due as of September 30, 2013 and December 31, 2012:
	30-Sep-13	Loans 30-59 Days Past Due			Loans 60-89 Days Past Due			Loans 90 or More Days Past Due			Total Past Due Loans			Current Loans		Total Loans
	Commercial	$	—		$	—		$	14,066,878		$	14,066,878		$	5,252,000	$	19,318,878
	Residential		—			—			10,304,575			10,304,575			18,820,000		29,124,575
	Land		—			—			4,975,503			4,975,503			200,000		5,175,503
		$	—		$	—		$	29,346,956		$	29,346,956		$	24,272,000	$	53,618,956
	31-Dec-12	Loans			Loans			Loans			Total Past			Current Loans		Total Loans
		30-59 Days			60-89 Days			90 or More Days			Due Loans
		Past Due			Past Due			Past Due
	Commercial	$	—		$	—		$	9,694,292		$	9,694,292		$	12,190,000	$	21,884,292
	Residential		—			—			10,379,631			10,379,631			8,820,000		19,199,631
	Land		—			—			29,178,339			29,178,339			—		29,178,339
		$	—		$	—		$	49,252,262		$	49,252,262		$	21,010,000	$	70,262,262
	All of the loans that are 90 or more days past due as listed above are on non-accrual status as of September 30, 2013 and December 31, 2012.
	The following tables show information related to impaired loans as of and for the three and nine months ended September 30, 2013:
		As of September 30, 2013
		Recorded			Unpaid			Related
		Investment			Principal			Allowance
					Balance
	With no related allowance recorded:
	Commercial	$	13,711,175		$	12,988,126		$	—
	Residential		2,842,303			2,769,575			—
Land		4,981,754			4,975,503			—
With an allowance recorded:
Commercial		1,079,699			1,078,752			446,711
Residential		7,983,345			7,535,000			3,644,145
Land		—			—			—
Totals:
Commercial	$	14,790,874		$	14,066,878		$	446,711
Residential	$	10,825,648		$	10,304,575		$	3,644,145
Land	$	4,981,754		$	4,975,503		$	—
	Three Months Ended						Nine Months Ended
	30-Sep-13						30-Sep-13
	Average			Interest			Average			Interest
	Recorded			Income			Recorded			Income
	Investment			Recognized			Investment			Recognized
With no related allowance recorded:
Commercial	$	13,706,182		$	219,319		$	9,380,952		$	541,670
Residential		2,834,509			33,913			2,865,277			102,754
Land		4,978,579			54,320			4,977,480			218,961
With an allowance recorded:
Commercial		1,079,699			6,000			1,079,699			18,000
Residential		7,983,345			39,000			7,983,341			166,100
Land		—			—			11,682,004			—
Totals:
Commercial	$	14,785,881		$	225,319		$	10,460,651		$	559,670
Residential	$	10,817,854		$	72,913		$	10,848,618		$	268,854
Land	$	4,978,579		$	54,320		$	16,659,484		$	218,961
The following tables show information related to impaired loans as of December 31, 2012 and for the three and nine months ended September 30, 2012:
	As of December 31, 2012
	Recorded			Unpaid			Related
	Investment			Principal			Allowance
				Balance
With no related allowance recorded:
Commercial	$	9,176,218		$	8,615,540		$	—
Residential		2,890,037			2,844,631			—
Land		4,976,929			4,975,503			—
With an allowance recorded:
Commercial		1,079,699			1,078,752			446,904
Residential		7,983,329			7,535,000			3,644,129
Land		24,707,709			24,202,836			18,522,864
Totals:
Commercial	$	10,255,917		$	9,694,292		$	446,904
Residential	$	10,873,366		$	10,379,631		$	3,644,129
Land	$	29,684,638		$	29,178,339		$	18,522,864
	Three Months Ended						Nine Months Ended
	30-Sep-12						30-Sep-12
	Average			Interest			Average			Interest
	Recorded			Income			Recorded			Income
	Investment			Recognized			Investment			Recognized
With no related allowance recorded:
Commercial	$	12,046,985		$	381,610		$	11,900,346		$	468,943
Residential		2,889,946			47,292			2,942,967			121,044
Land		4,618,391			76,125			4,761,683			236,917
With an allowance recorded:
Commercial		1,079,419			13,484			1,079,043			13,484
Residential		7,983,281			44,850			7,983,281			178,107
Land		24,704,084			—			24,586,721			—
Total:
Commercial	$	13,126,404		$	395,094		$	12,979,389		$	482,427
Residential	$	10,873,227		$	92,142		$	10,926,248		$	299,151
Land	$	29,322,475		$	76,125		$	29,348,404		$	236,917
Interest income recognized on a cash basis for impaired loans approximates the interest income recognized as reflected in the tables above.
Troubled Debt Restructurings
The Company has allocated approximately $447,000 of specific reserves to borrowers whose loan terms have been modified in troubled debt restructurings as of September 30, 2013 and December 31, 2012. The Company has not committed to lend additional amounts to any of these borrowers.
During the nine months ended September 30, 2013, the terms of three loans were modified as troubled debt restructurings. One loan was modified to include a reduction in the monthly interest payments due with all deferred interest due at the six months extended maturity date. The term expired on July 1, 2013, and the loan was rewritten by the Company during the quarter ended September 30, 2013. Another loan was modified to combine all principal, delinquent interest and advances into principal and provide for amortizing payments at a reduced interest rate over an extended maturity of 15 years. The borrower is now delinquent in making payments on this modified loan. Another impaired loan was rewritten by the Company during the quarter ended September 30, 2013 whereby the Company repaid the first deed of trust on the subject property of approximately $5,899,000 and refinanced its second deed of trust by combining them into one first deed of trust in the amount of $9,625,000 with interest at 10% per annum due in five years. As part of the modification, approximately $659,000 of past due interest on the Company’s original note was paid from the proceeds of the rewritten loan, which was recorded as a discount against the principal balance of the new loan because the loan was impaired. Management believes that no specific loan loss allowance is needed on any of these modified loans given the estimated underlying collateral values.
During the three and nine months ended September 30, 2012, the terms of certain loans were modified as troubled debt restructurings. The modification of the terms of such loans included one or a combination of the following: an extension of the maturity date (ranging from 12 to 20 months) and a reduction of the stated interest rate of the loan or a reduction in the monthly interest payments due under the loan with all deferred interest due at the extended maturity date.
The following tables show information related to loan modifications made by the Company during the three and nine months ended September 30, 2013 and 2012:
	Modifications
	During the Three Months Ended September 30, 2013
	Number of			Pre-Modification			Post-Modification
	Contracts			Outstanding			Outstanding
				Recorded Investment			Recorded Investment
Troubled Debt Restructurings That Occurred During the Quarter
Commercial		1		$	2,638,530		$	8,966,180
	Modifications
	During the Nine Months Ended September 30, 2013
	Number of			Pre-Modification			Post-Modification
	Contracts			Outstanding			Outstanding
				Recorded Investment			Recorded Investment
Troubled Debt Restructurings That Occurred During the Nine Months
Commercial		2		$	3,738,530		$	10,066,180
Residential		1			272,028			272,028
	Number of			Recorded
Troubled Debt Restructurings That Subsequently Defaulted During the Nine Month Period	Contracts			Investment
Residential		1		$	272,028
	Modifications
	During the Three Months Ended September 30, 2012
	Number of			Pre-Modification			Post-Modification
	Contracts			Outstanding			Outstanding
				Recorded Investment			Recorded Investment
Troubled Debt Restructurings That Occurred During the Quarter
Commercial		1		$	655,485		$	655,485
Land		1			2,406,411			2,406,411
	Modifications
	During the Nine Months Ended September 30, 2012
	Number of			Pre-Modification			Post-Modification
	Contracts			Outstanding			Outstanding
				Recorded Investment			Recorded Investment
Troubled Debt Restructurings That Occurred During the Nine Months
Commercial		1		$	655,485		$	655,485
Land		2			5,367,180			5,367,180
The loan modifications and subsequent defaults included in the tables above for the three and nine months ended September 30, 2013 and 2012 did not result in any charge-offs or increases to the allowance for loan losses.

Note_4_Investment_in_Limited_L

Note 4 - Investment in Limited Liability Company	9 Months Ended
	Sep. 30, 2013
Equity Method Investments and Joint Ventures [Abstract]	'
Equity Method Investments and Joint Ventures Disclosure [Text Block]	'
	NOTE 4 – INVESTMENT IN LIMITED LIABILITY COMPANY
	During 2008, the Company entered into an operating agreement (the “Operating Agreement”) of 1850 De La Cruz LLC, a California limited liability company (“1850”), with Nanook Ventures LLC (“Nanook”), an unrelated party. The purpose of the joint venture is to acquire, own and operate certain industrial land and buildings located in Santa Clara, California that were owned by the Company. The property was subject to a Purchase and Sale Agreement dated July 24, 2007 (the “Sale Agreement”), as amended, between the Company, as seller, and Nanook, as buyer. During the course of due diligence under the Sale Agreement, it was discovered that the property was contaminated and that remediation and monitoring may be required. The parties agreed to enter into the Operating Agreement to restructure the arrangement as a joint venture. At the time of closing in July 2008, the two properties were separately contributed to two new limited liability companies, Nanook Ventures One LLC and Nanook Ventures Two LLC that are wholly owned by 1850. The Company and Nanook are the Members of 1850 and NV Manager, LLC is the manager. (See Note 12 for further discussion of the Company’s environmental remediation obligation with respect to the properties owned by 1850.)
	The Company received no distributions from 1850 during the three months ended September 30, 2013 and 2012. The Company received distributions from 1850 of $80,000 and $65,000 during the nine months ended September 30, 2013 and 2012, respectively. The net income to the Company from its investment in 1850 De La Cruz was approximately $39,000 and $38,000 during the three months ended September 30, 2013 and 2012, respectively, and $119,000 and $116,000 during the nine months ended September 30, 2013 and 2012, respectively.

Note_5_Real_Estate_Held_for_Sa

Note 5 - Real Estate Held for Sale	9 Months Ended
	Sep. 30, 2013
Disclosure Text Block [Abstract]	'
Real Estate Owned [Text Block]	'
	NOTE 5 - REAL ESTATE HELD FOR SALE
	Real estate properties held for sale as of September 30, 2013 and December 31, 2012 consists of properties acquired through foreclosure classified by property type as follows:
		September 30,		December 31,
		2013		2012
	Residential	$	93,647	$	42,458,402
	Land		3,462,664		7,752,836
	Retail		—		5,553,856
	Golf course		1,961,284		—
	Marina		408,000		408,000
		$	5,925,595	$	56,173,094
	During the nine months ended September 30, 2013, the Company transferred three properties (one land, one retail and one residential) from “Held for sale” to “Held for investment” because the properties are no longer listed for sale and sales are not likely within the next year. In addition, during the nine months ended September 30, 2013, the Company transferred three properties (two land and one golf course) from “Held for investment” to “Held for sale” as the properties are now listed for sale and sales are expected within the next year.
	During the nine months ended September 30, 2013, the Company sold 45 residential and 2 commercial units located in Oakland, California and held within 1401 on Jackson, LLC via a land sales contract for $11,000,000 ($1,000,000 down with interest only payments at 4.5% interest due monthly with all remaining principal and interest due in one year), resulting in a gain to the Company of approximately $207,000 and deferred gain of approximately $2,073,000. In November 2013, the buyer/borrower repaid approximately $1,554,000 of the $10,000,000 carryback financing and the obligation was converted to a deed of trust with the same terms and maturity date.
	During the nine months ended September 30, 2013, the Company sold a retail complex located in Hilo, Hawaii for $1,950,000 with a $250,000 cash down payment and a $1,700,000 carryback note due in three years with monthly payments of interest only at a starting rate of 5% per annum. The note called for principal pay downs of $125,000 each within 30 and 60 days of issuance of the title policy on the property, both of which were paid by the borrower during the quarter ended September 30, 2013. The sale resulted in a gain to the Company of approximately $36,000 and deferred gain of approximately $246,000. An additional gain on sale of approximately $36,000 was recorded by the Company during the quarter ended September 30, 2013 as a result of the principal pay downs.
	During the nine months ended September 30, 2013, the Company sold four lots (one including a manufactured home) in a manufactured home subdivision development located in Ione, California for aggregate net sales proceeds of approximately $73,000 resulting in a net gain to the Company of approximately $30,000.
	During the quarter ended September 30, 2012, the Company sold the industrial building located in Chico, California for net sales proceeds of approximately $8,514,000 resulting in a gain to the Company of approximately $1,863,000. In addition, during the quarter ended September 30, 2012, the Company sold one of the manufactured homes located in Ione, California for net sales proceeds of approximately $57,000 resulting in a loss to the Company of approximately $4,000.
	During the nine months ended September 30, 2012, all of the improved lots and manufactured rental homes owned by Dation, LLC (“Dation”) were sold for $1,650,000 (comprised of cash of $330,000 and a note from the buyer of $1,320,000) resulting in no gain or loss to the Company. In addition, during the nine months ended September 30, 2012, the Company paid its joint venture partner a portion of the partner’s accrued management fees owed of approximately $147,000 in the form of $50,000 cash and two model homes with a book value of $97,000 as part of a settlement agreement to remove the joint venture partner as a member of Dation. The $1,320,000 note receivable from the sale was assigned to the Company during 2012. The remaining model home was sold during the nine months ended September 30, 2012 for cash of $25,000, resulting in a loss of approximately $12,000. During the nine months ended September 30, 2013, the Company sold the remaining parcel of land held within Dation, LLC for $300,000 with a $100,000 down payment and a $200,000 carryback note with interest only payments at 6% per annum due in one year. The sale resulted in a gain to the Company of approximately $13,000 and deferred gain of approximately $25,000.
	There were no impairment losses on real estate held for sale during the three and nine months ended September 30, 2013. During the three and nine months ended September 30, 2012, the Company recorded the following impairment losses on real estate held for sale based on updated appraisals obtained:
		Three Months Ended September 30, 2012		Nine Months Ended September 30, 2012
	Manufactured home subdivision development, Ione, California	$	100,830	$	100,830
	Golf course, Auburn, California (held within DarkHorse Golf Club, LLC)		—		328,240
	Marina with 30 boat slips and 11 RV spaces, Oakley, California (held within The Last Resort and Marina, LLC)		24,000		24,000
		$	124,830	$	453,070
	1875 West Mission Blvd., LLC
	1875 West Mission Blvd., LLC (“1875”) is a California limited liability company formed for the purpose of owning 22.41 acres of industrial land located in Pomona, California which was acquired by the Company and PNL Company (who were co-lenders in the subject loan) via foreclosure in August 2011. Pursuant to the Operating Agreement, the Company has a 60% membership interest in 1875 and was entitled to collect approximately $5,078,000 upon the sale of the property after PNL collects any unreimbursed LLC expenses it has paid and $1,019,000 in its default interest at the time of foreclosure. The assets, liabilities, income and expenses of 1875 have been consolidated into the accompanying consolidated balance sheets and statements of operations of the Company. The land was sold during the nine months ended September 30, 2013 for net sales proceeds of approximately $9,489,000 resulting in gain on sale of $2,174,000. As the Company received its basis in 1875 of $5,078,000 upon sale, after non-controlling interest expense to PNL, there was no net income or loss to the Company. The non-controlling interest of PNL totaled approximately $(4,000) and $2,001,000 as of September 30, 2013 and December 31, 2012, respectively.
	There was no net income or loss to the Company from 1875 for the three and nine months ended September 30, 2013 and 2012.

Note_6_Real_Estate_Held_for_In

Note 6 - Real Estate Held for Investment	9 Months Ended
	Sep. 30, 2013
Real Estate Held For Investment Disclosure [Abstract]	'
Real Estate Held For Investment Disclosure [Text Block]	'
	NOTE 6 - REAL ESTATE HELD FOR INVESTMENT
	Real estate held for investment as of September 30, 2013 and December 31, 2012 consists of properties acquired through foreclosure classified by property type as follows:
		September 30,			December 31,
		2013			2012
	Land	$	43,632,440		$	24,766,280
	Residential		47,292,299			14,547,406
	Retail		15,637,078			11,974,751
	Office		9,407,856			9,657,815
	Industrial		4,568,415			4,656,936
	Storage		3,967,754			4,037,575
	Marina		2,005,490			—
	Golf course		—			1,959,492
		$	126,511,332		$	71,600,255
	The balances of land and the major classes of depreciable property for real estate held for investment as of September 30, 2013 and December 31, 2012 are as follows:
		September 30,			December 31,
		2013			2012
	Land	$	70,262,193		$	37,381,547
	Buildings and improvements		65,326,774			40,736,868
			135,588,967			78,118,415
	Less: Accumulated depreciation		(9,077,635	)		(6,518,160	)
		$	126,511,332		$	71,600,255
	It is the Company’s intent to sell the majority of its real estate properties held for investment, but expected sales are not probable to occur within the next year.
	Depreciation expense was approximately $517,000 and $315,000 for the three months ended September 30, 2013 and 2012, respectively, and $1,867,000 and $1,670,000 for the nine months ended September 30, 2013 and 2012, respectively.
	During the three and nine months ended September 30, 2013, there were no impairment losses recorded on real estate held for investment. During the three and nine months ended September 30, 2012, the Company recorded the following impairment losses on real estate held for investment based on updated appraisals obtained:
		Three Months Ended September 30, 2012			Nine Months Ended September 30, 2012
	75 improved residential lots, Auburn, California, (held within Baldwin Ranch Subdivision, LLC)	$	31,156		$	31,156
	Undeveloped industrial land, San Jose, California		86,400			86,400
	Two improved residential lots, West Sacramento, California		—			51,840
	Undeveloped residential land, Coolidge, Arizona		—			38,400
	6 improved residential lots, Coeur D’Alene, Idaho		372,400			372,400
		$	489,956		$	580,196
	During the quarter ended September 30, 2013, the Company sold one unit in the office condominium complex located in Roseville, California for net sales proceeds of approximately $409,000 resulting in a net gain to the Company of approximately $216,000.
	2013 Foreclosure Activity
	During the nine months ended September 30, 2013, Brannan Island, LLC (wholly owned by the Company) foreclosed on two first mortgage loans secured by a marina with 179 boat slips located in Isleton, California with an aggregate principal balance of $1,863,000 and obtained the property via the trustee’s sale. In addition, advances made on the loans or incurred as part of the foreclosures (such as legal fees and delinquent property taxes) in the total amount of approximately $140,000 were capitalized to the basis of the property. The amount capitalized at the time of foreclosure approximated the net fair market value of the property. The property has been classified as held for investment as a sale is not expected within one year.
	During the nine months ended September 30, 2013, Tahoe Stateline Venture, LLC (“TSV”) (wholly owned by the Company) foreclosed on a first mortgage loan secured by two undeveloped parcels of land located in South Lake Tahoe, California that was purchased at a discount during the same period with a principal balance of approximately $1,401,000 and obtained the property via the trustee’s sale. In addition, advances made on the loan or incurred as part of the foreclosure (including delinquent property taxes) in the total amount of approximately $335,000 were capitalized to the basis of the property. The fair market value of the land acquired was estimated to be higher than TSV’s basis in the subject loan, and, thus, a gain on foreclosure in the amount of approximately $952,000 was recorded. The property has been classified as held for investment along with several other parcels purchased by TSV during 2012 as a sale is not expected within one year. See below under “Tahoe Stateline Venture, LLC”.
	During the nine months ended September 30, 2013, TSV also foreclosed on three mortgage loans secured by first, second and third deeds of trust secured by ten undeveloped parcels of land located in South Lake Tahoe, California with principal balances totaling approximately $21,263,000 (total investment of $23,381,000 including advances made on the loans) and obtained the property via the trustee’s sale. Based on a recent appraisal dated June 30, 2013, it was determined that the fair value of the property was higher than the Company’s total investment in the loans (including a previously established loan loss allowance of $18,333,000), and a reversal to the provision for loan losses of approximately $6,476,000 was recorded at the time of foreclosure (for a net charge-off of $11,857,000). The property has been classified as held for investment along with several other parcels purchased and foreclosed on by TSV during 2012 and 2013 as a sale is not expected within one year. TSV foreclosed on its remaining deed of trust secured by one parcel of land located in South Lake Tahoe, California during the quarter ended September 30, 2013. See below under “Tahoe Stateline Venture, LLC”.
	720 University, LLC
	The Company has an investment in a limited liability company, 720 University, LLC (“720 University”), which owns a commercial retail property located in Greeley, Colorado. The Company receives 65% of the profits and losses in 720 University after priority return on partner contributions is allocated at the rate of 10% per annum. The assets, liabilities, income and expenses of 720 University have been consolidated into the accompanying consolidated balance sheet and statement of operations of the Company.
	The net income to the Company from 720 University was approximately $31,000 and $120,000 (including depreciation and amortization of $108,000 and $109,000) for the three months ended September 30, 2013 and 2012, respectively, and $91,000 and $208,000 (including depreciation and amortization of $329,000 and $331,000) for the nine months ended September 30, 2013 and 2012, respectively. The noncontrolling interest of the joint venture partner of approximately $(16,000) and $(7,000) as of September 30, 2013 and December 31, 2012, respectively, is reported in the accompanying consolidated balance sheets. The Company’s investment in 720 University real property and improvements was approximately $11,746,000 and $11,975,000 as of September 30, 2013 and December 31, 2012, respectively.
	TOTB Miami, LLC
	During 2011, the Company foreclosed on a participated, first mortgage loan secured by a condominium complex located in Miami, Florida with a principal balance to the Company of approximately $26,257,000 and obtained an undivided interest in the properties with the other two lenders (which included OFG, the manager of the Company, and PRC Treasures, LLC or “PRC”). The Company and the other lenders formed a Florida limited liability company, TOTB Miami, LLC (“TOTB”), to own and operate the complex. The complex consists of three buildings and an undeveloped parcel of land. Two buildings containing 169 unsold condominium units have been renovated. These units are being leased. A third building contains 160 vacant units that have not been renovated.
	In March 2012, the Company made a priority capital contribution to TOTB in the amount of $7,200,000. TOTB then purchased PRC’s member interest in TOTB for $7,200,000. Thus, the remaining members in TOTB are now the Company and OFG. On the same date, the Company and OFG executed an amendment to the TOTB operating agreement to set the percentage of capital held by each at 80.74% for the Company and 19.26% for OFG based on the dollar amount of capital invested in the properties/TOTB (excluding Preferred Class A Units discussed below). Income and loss allocations are now made based on these percentages after a 15% preferred return to the Company based on its $2,583,000 contribution to TOTB in 2011 (Preferred Class A Units). The change in capital as a result of the PRC buyout and the amended agreement resulted in an increase to the Company’s capital of approximately $2,760,000, in addition to the $7,200,000 paid to acquire PRC’s interest. The assets, liabilities, income and expenses of TOTB have been consolidated into the accompanying consolidated balance sheets and statements of operations of the Company. The non-controlling interest of OFG totaled approximately $5,990,000 and $6,055,000 as of September 30, 2013 and December 31, 2012, respectively.
	The net income (loss) to the Company from TOTB was approximately $110,000 and $148,000 (including depreciation of $150,000 and $0, respectively) for the three months ended September 30, 2013 and 2012, respectively, and $20,000 and $(216,000) (including depreciation of $748,000 and $299,000) for the nine months ended September 30, 2013 and 2012, respectively (including non-controlling interest income or expense during those periods).
	As of June 30, 2013, the properties had been moved from “Held for sale” to “Held for investment” as they are no longer being marketed and sales were not expected within the next year. The transfer resulted in the Company recording approximately $598,000 of depreciation expense during the quarter ended June 30, 2013 and $150,000 during the quarter ended September 30, 2013. The Company is currently pursuing renovations to the vacant building so that this property can be leased or sold in the future and is also attempting to secure financing for the proposed project.
	Tahoe Stateline Venture, LLC
	The Company had made a series of loans with aggregate principal balances totaling approximately $24,203,000. These loans were originally secured by first, second and third deeds of trust on 29 parcels of land with entitlements for a 502,267 square foot resort development located in South Lake Tahoe, California known as Chateau at Lake Tahoe, or the Project. Through multiple foreclosures, 16 of the parcels within the development were acquired by lenders who held senior positions to the Company. In December 2012, the Company acquired seven of those parcels for $6,600,000, from the foreclosing lenders, that are contiguous to parcels securing the Company’s loans. The parcel purchases were made through a new wholly-owned subsidiary of the Company, Tahoe Stateline Venture, LLC (“TSV”). TSV paid approximately $5,697,000 out of cash reserves for the parcel purchases, including approximately $81,000 in closing costs and $2,316,000 held by the title company to pay delinquent property taxes on the parcels until property reassessments were completed ($1,691,000 in delinquent property taxes paid and $625,000 in excess funds remitted back to TSV in February 2013). The sellers of the parcels also provided financing for the balance of the purchase prices which total $3,300,000 at 5% interest with interest only, semi-annual payments and principal due in December 2016. While these parcels were originally part of the security for the Company’s loans, management had chosen not to advance the funds to acquire the parcels at the foreclosure sales in 2010 and 2011 due to the uncertainty surrounding the Project.
	In addition to the seven parcels purchased in 2012, in February 2013, TSV acquired the senior note for $1,400,000 secured by two adjacent parcels on which they held junior loans. In March 2013, TSV acquired these two parcels via a trustee sale.
	In February 2013, the Company’s beneficial interest in the delinquent loans discussed above was transferred to TSV. In May 2013, TSV foreclosed on all of the remaining deeds of trust secured by ten parcels (not including one parcel where it held a third deed of trust - see below) and gained ownership of the related land.
	In July 2013, TSV advanced $660,000 to obtain a release of a second deed of trust that was senior to TSV’s loan on a single parcel in the second phase of the Project and then agreed to a payoff amount of $1,000,000 on a first deed of trust that secured this parcel and another parcel TSV foreclosed on in May 2013 and was thereby assumed by TSV at the time of foreclosure. The holders of this senior lien agreed to forgo all delinquent interest in exchange for a principal reduction payment of $300,000 to reduce the note to $700,000 ($100,000 of such principal payment had been made as of September 30, 2013 and an additional $200,000 repayment was made in October 2013). The note is due on August 1, 2017 with interest only payments due quarterly at 5% interest. TSV foreclosed on this parcel during the quarter ended September 30, 2013.
	After the final trustee sale during the quarter ended September 30, 2013, TSV now owns a total of 20 parcels which includes all of the parcels necessary to complete the first phase of the Project and which includes eight of nine parcels fronting U.S. Highway 50 or South Lake Tahoe Blvd. Management made the decision to purchase these parcels and notes in order to protect the Company’s existing investment in the loans by securing controlling ownership of the first phase of the Project. With this control, TSV secured the building permits to construct the first phase of the project consisting of 30,507 square feet of retail space and began construction during the quarter ended September 30, 2013. The Company signed a construction contract for the first phase of the Project in the amount of $15,153,566. TSV has capitalized approximately $6,365,000 in design, engineering, construction and other related development costs (including legal, consulting, property taxes and interest) as of September 30, 2013.
	The approximate net income (loss) from Company real estate properties held within wholly-owned limited liability companies and other properties held for investment and sale with significant operating results (including gains/losses from sales), for the nine months ended September 30, 2013 and 2012 were as follows:
		Nine Months Ended September 30, 2013			Nine Months Ended September 30, 2012
	Anacapa Villas, LLC (sold in 2012)	$	(4,000	)	$	41,000
	Dation, LLC (sold in 2012 and 2013)		7,000			2,000
	DarkHorse Golf Club, LLC (golf course sold in 2012)		(166,000	)		(151,000	)
	Lone Star Golf, LLC		(62,000	)		(79,000	)
	Baldwin Ranch Subdivision, LLC		(70,000	)		(76,000	)
	The Last Resort and Marina, LLC		(17,000	)		(16,000	)
	33rd Street Terrace, LLC (sold in 2012)		5,000			80,000
	54th Street Condos, LLC		(34,000	)		(258,000	)
	Wolfe Central, LLC		298,000			320,000
	AMFU, LLC		38,000			(15,000	)
	Phillips Road, LLC		73,000			71,000
550 Sandy Lane, LLC (sold in 2012)		2,000			150,000
1401 on Jackson, LLC (sold in 2013)		249,000			27,000
Broadway & Commerce, LLC		38,000			68,000
Brannan Island, LLC (foreclosed in 2013)		(49,000	)		—
Light industrial building, Paso Robles, California		141,000			137,000
Undeveloped industrial land, San Jose, California		(84,000	)		(113,000	)
Office condominium complex, Roseville, California		137,000			(39,000	)
Storage facility/business, Stockton, California		224,000			205,000
Industrial building, Chico, California (sold in 2012)		1,000			1,678,000
Undeveloped land, Gypsum, Colorado		(205,000	)		(257,000	)
Retail complex, Hilo, Hawaii (sold in 2013)		20,000			—
Certain of the Company’s real estate properties held for sale and investment are leased to tenants under noncancellable leases with remaining terms ranging from one to thirteen years. Certain of the leases require the tenant to pay all or some operating expenses of the properties. The future minimum rental income from noncancellable operating leases due within the five years subsequent to September 30, 2013 and thereafter is as follows:
Year ending September 30:
2014	$	5,466,227
2015		2,452,081
2016		2,090,444
2017		1,478,306
2018		1,167,203
Thereafter (through 2026)		2,890,051
	$	15,544,312

Note_7_Transactions_with_Affil

Note 7 - Transactions with Affiliates	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	NOTE 7 - TRANSACTIONS WITH AFFILIATES
	In consideration of the management services rendered to the Company, OFG, the manager, is entitled to receive from the Company a management fee payable monthly, subject to a maximum of 2.75% per annum of the average unpaid balance of the Company’s mortgage loans.
	All of the Company’s loans are serviced by OFG, in consideration for which OFG receives a monthly fee, which, when added to all other fees paid in connection with the servicing of a particular loan, does not exceed the lesser of the customary, competitive fee paid in the community where the loan is placed for the provision of such mortgage services on that type of loan, or up to 0.25% per annum of the unpaid principal balance of the loans.
	OFG, at its sole discretion may, on a monthly basis, adjust the management and servicing fees as long as they do not exceed the allowable limits calculated on an annual basis. Even though the fees for a month may exceed 1/12 of the maximum limits, at the end of the calendar year the sum of the fees collected for each of the 12 months must be equal to or less than the stated limits. Management fees amounted to approximately $373,000 and $405,000 for the three months ended September 30, 2013 and 2012, respectively, and $1,265,000 and $1,301,000 for the nine months ended September 30, 2013 and 2012, respectively, and are included in the accompanying consolidated statements of operations. Servicing fees amounted to approximately $34,000 and $41,000 for the three months ended September 30, 2013 and 2012, respectively, and $115,000 and $123,000 for the nine months ended September 30, 2013 and 2012, respectively, and are included in the accompanying consolidated statements of operations. As of September 30, 2013 and December 31, 2012, the Company owed management and servicing fees to OFG in the amount of approximately $271,000 and $298,000, respectively.
	The maximum servicing fees were paid to OFG during the nine months ended September 30, 2013 and 2012. If the maximum management fees had been paid to OFG during the nine months ended September 30, 2013, the management fees would have been $1,269,000 (increase of $4,000), which would have decreased net income by approximately 0.05%. If the maximum management fees had been paid to OFG during the nine months ended September 30, 2012, the management fees would have been $1,356,000 (increase of $55,000), which would have increased net loss by approximately 22.7%.
	In determining the management fees to pay to OFG, OFG may consider a number of factors, including current market yields, delinquency experience, un-invested cash and real estate activities. OFG expects that the management fees it receives from the Company will vary in amount and percentage from period to period. However, due to reduced levels of mortgage investments held by the Company, during the nine months ended September 30, 2013, OFG has chosen to take close to the maximum compensation that it is able to take pursuant to the Management Agreement and will likely continue to take the maximum compensation for the foreseeable future.
	Pursuant to the Management Agreement, OFG receives all late payment charges from borrowers on loans owned by the Company. The amounts paid to or collected by OFG for such charges totaled approximately $1,000 for the three months ended September 30, 2013 and 2012, and $3,000 and $36,000 for the nine months ended September 30, 2013 and 2012, respectively. In addition, the Company remits other miscellaneous fees to OFG, which are collected from loan payments, loan payoffs or advances from loan principal (i.e. funding, demand and partial release fees). The amounts paid to or collected by OFG for such fees totaled approximately $1,000 and $0 during the nine months ended September 30, 2013 and 2012, respectively.
	OFG originates all loans the Company invests in and receives loan origination and extension fees from borrowers. During the three and nine months ended September 30, 2013, OFG earned approximately $440,000 and $464,000 in loan fees on loans originated of $10,892,000 and $12,137,000, respectively. Of such fees, $55,000 is a back end fee and will not be collected by OFG until the subject loan is paid off. OFG earned $24,000 in fees on an $800,000 Company loan that was extended during the nine months ended September 30, 2012, which was paid to OFG upon the payoff of the subject loan in June 2013.
	OFG is reimbursed by the Company for the actual cost of goods, services and materials used for or by the Company and paid by OFG and the salary and related salary expense of OFG’s non-management and non-supervisory personnel performing services for the Company which could be performed by independent parties (subject to certain limitations in the Management Agreement). The amounts reimbursed to OFG by the Company were $191,000 and $170,000 during the three months ended September 30, 2013 and 2012, respectively, and $560,000 and $500,000 during the nine months ended September 30, 2013 and 2012, respectively.

Note_8_Notes_Payable

Note 8 - Notes Payable	9 Months Ended
	Sep. 30, 2013
Disclosure Text Block [Abstract]	'
Mortgage Notes Payable Disclosure [Text Block]	'
	NOTE 8 - NOTES PAYABLE
	The Company has a note payable to a bank through its investment in 720 University (see Note 6), which is secured by the retail development located in Greeley, Colorado. The remaining principal balance on the note was approximately $9,961,000 and $10,085,000 as of September 30, 2013 and December 31, 2012, respectively. The note required monthly interest-only payments until March 1, 2010 at a fixed rate of 5.07% per annum. Commencing April 1, 2010, the note became amortizing and monthly payments of $56,816 are now required, with the balance of unpaid principal due on March 1, 2015. Interest expense was approximately $129,000 and $131,000 for the three months ended September 30, 2013 and 2012, respectively, and $385,000 and $393,000 for the nine months ended September 30, 2013 and 2012, respectively.
	The Company also has three notes payable in the aggregate amount of $4,200,000 and $3,300,000 as of September 30, 2013 and December 31, 2012, respectively, related to the foreclosure or purchase of nine parcels by TSV in 2013 and 2012. Two of the notes with principal balances totaling $3,300,000 require semi-annual interest-only payments of 5% per annum and are due in December 2016 and one note with a principal balance of $900,000 requires quarterly interest-only payments of 5% per annum and is due in August 2017. In October 2013 (subsequent to quarter end), the Company repaid $200,000 of principal on the $900,000 note per the agreement with the lender. The Company paid approximately $83,000 of interest on two of the notes during the nine months ended September 30, 2013. As of September 30, 2013 and December 31, 2012, there is approximately $54,000 in accrued but unpaid interest on these notes. All interest paid/accrued has been capitalized to the basis of the land now under development.
	The following table shows maturities by year on these notes payable as of September 30, 2013:
	Year ending September 30:
	2014	$	373,885
	2015		9,786,680
	2016		—
	2017		4,000,000
		$	14,160,565

Note_9_Stockholders_Equity

Note 9 - Stockholders' Equity	9 Months Ended
	Sep. 30, 2013
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	NOTE 9 – STOCKHOLDERS’ EQUITY
	The Company was incorporated on August 9, 2012, under the laws of the State of Maryland and was authorized to issue 1,000,000 shares of $0.01 par value common stock at the time of its incorporation. Per the Articles of Amendment and Restatement of the Company dated January 23, 2013, the authorized shares of common stock were increased to 50,000,000 shares (at $0.01 par value per share). In addition, the Company was authorized to issue 5,000,000 shares of preferred stock at $0.01 par value per share. The Company was created to effect the Merger. The Merger was approved by a requisite vote of OMIF limited partners on April 16, 2013 and was completed on May 20, 2013.
	Per resolutions of the Board of Directors of the Company on August 9, 2012, the Board of Directors authorized the issuance of 1,000 shares of $0.01 par value common stock to William C. Owens in exchange for cash consideration of $1.00 per share (for total consideration of $1,000). Upon effectiveness of the Merger, the outstanding 1,000 shares of common stock of the Company held by William C. Owens were cancelled in exchange for $1,000, and every 25 limited partner units of OMIF were converted into one share of common stock of the Company. Additionally, the units representing the general partner interests of OFG were treated as follows: i) the 1,496,000 units representing the interest that was an expense of OMIF were cancelled, and ii) the 1,378,256 units representing the interest relating to cash contributions made by OFG to the capital of OMIF were converted into shares of common stock of the Company in the same manner limited partnership units were converted into shares of common stock. No fractional shares were issued in the Merger; instead, cash adjustments were paid in respect of shares otherwise issuable.
	On August 9, 2013, the Board of Directors authorized a Rule 10b5-1 stock repurchase plan (the “Repurchase Plan”) under which the Company may buy up to the lesser of $7 million of its common stock or five percent of the shares of common stock outstanding as of that date. Under the Repurchase Plan, repurchases will be funded from available working capital, and the repurchased shares will return to the status of authorized but unissued shares of common stock. A Rule 10b5-1 plan permits the Company to repurchase shares at times when it might otherwise be prevented from doing so. The Repurchase Plan provides for stock repurchases to commence on September 23, 2013, and is subject to certain price, volume and timing constraints specified in the brokerage agreement. There is no guarantee as to the exact number of shares that will be repurchased by the Company. The Repurchase Plan is set to expire on May 19, 2014, although the Company may terminate the Repurchase Plan at any time. As of September 30, 2013, the Company had repurchased 36,860 shares of its common stock for a total cost of approximately $460,000 (including commissions) and an average cost of $12.42 per share. The Company repurchased an additional 226,895 shares of its common stock subsequent to September 30, 2013 through November 6, 2013 (settlement date) for a total cost of approximately $2,840,000 (including commissions).

Note_10_Restricted_Cash

Note 10 - Restricted Cash	9 Months Ended
	Sep. 30, 2013
Disclosure Text Block Supplement [Abstract]	'
Restricted Assets Disclosure [Text Block]	'
	NOTE 10 – RESTRICTED CASH
	Contingency Reserves
	In accordance with the charter, the Company is required to maintain cash, cash equivalents and marketable securities as contingency reserves in an aggregate amount of 1-1/2% of Capital as defined in the agreement. Although the manager believes the contingency reserves are adequate, it could become necessary for the Company to sell or otherwise liquidate certain of its investments or other assets to cover such contingencies on terms which might not be favorable to the Company, which could lead to unanticipated losses upon sale of such assets.
	The contingency reserves required per the charter as of September 30, 2013 and December 31, 2012 were approximately $3,984,000 and $3,948,000 and are reported as restricted cash in the accompanying consolidated balance sheets. Cash and cash equivalents as of the same dates were accordingly maintained as reserves.
	Escrow Deposits
	As part of the parcel purchases by TSV in December 2012, the Company deposited approximately $2,316,000 into an escrow account to pay delinquent property taxes on the parcels purchased once property reassessments were completed. The reassessments were completed in February 2013 and approximately $1,691,000 in delinquent taxes was paid out of the escrow account. The remaining escrow funds of approximately $625,000 were remitted back to TSV during the nine months ended September 30, 2013.

Note_11_Fair_Value

Note 11 - Fair Value	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	NOTE 11 – FAIR VALUE
	The Company accounts for its financial and nonfinancial assets and liabilities pursuant to ASC 820 – Fair Value Measurements and Disclosures. ASC 820 defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements.
	Fair value is defined in ASC 820 as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:
		Level 1	Quoted prices in active markets for identical assets or liabilities
		Level 2	Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in active markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities
		Level 3	Unobservable inputs that are supported by little or no market activity, such as the Company’s own data or assumptions.
	Level 3 inputs include unobservable inputs that are used when there is little, if any, market activity for the asset or liability measured at fair value. In certain cases, the inputs used to measure fair value fall into different levels of the fair value hierarchy. In such cases, the level in which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement. Our assessment of the significance of a particular input requires judgment and considers factors specific to the asset or liability being measured.
	Management monitors the availability of observable market data to assess the appropriate classification of financial instruments within the fair value hierarchy. Changes in economic conditions or model-based valuation techniques may require the transfer of financial instruments from one fair value level to another. In such instances, the transfer is reported at the beginning of the reporting period.
	Management evaluates the significance of transfers between levels based upon the nature of the financial instrument and size of the transfer relative to total assets, total liabilities or total earnings.
	The following is a description of the Company’s valuation methodologies used to measure and disclose the fair values of its financial and nonfinancial assets and liabilities on a recurring and nonrecurring basis.
	Impaired Loans
	The Company does not record loans at fair value on a recurring basis. However, from time to time, a loan is considered impaired and an allowance for loan losses is established. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement or when monthly payments are delinquent greater than ninety days. Once a loan is identified as impaired, management measures impairment in accordance with ASC 310-10-35. The fair value of impaired loans is estimated by either an observable market price (if available) or the fair value of the underlying collateral, if collateral dependent. The fair value of the loan’s collateral is determined by third party appraisals (by licensed appraisers), broker price opinions, comparable properties or other indications of value. Those impaired loans not requiring an allowance represent loans for which the fair value of the collateral exceed the recorded investments in such loans. At September 30, 2013 and December 31, 2012, the majority of the total impaired loans were evaluated based on the fair value of the collateral by obtaining third party appraisals that valued the collateral primarily by utilizing an income or market approach or some combination of the two. In accordance with ASC 820, impaired loans where an allowance is established based on the fair value of collateral require classification in the fair value hierarchy. When the fair value of the collateral is based on an observable market price or is determined utilizing an income or market valuation approach based on an appraisal conducted by an independent, licensed appraiser using observable market data, the Company records the impaired loan as nonrecurring Level 2. When an appraised value is not available, management determines the fair value of the collateral is further impaired below the appraised value or there is no observable market data included in a current appraisal, the Company records the impaired loan as nonrecurring Level 3. Unobservable market data included in appraisals often includes adjustments to comparable property sales for such items as location, size and quality to estimate fair values using a sales comparison approach.  Unobservable market data also includes cash flow assumptions and capitalization rates used to estimate fair values under an income approach.
	Real Estate Held for Sale and Investment
	Real estate held for sale and investment includes properties acquired through foreclosure of the related loans. When property is acquired, any excess of the Company’s recorded investment in the loan and accrued interest income over the estimated fair market value of the property, net of estimated selling costs, is charged against the allowance for credit losses. Subsequently, real estate properties are carried at the lower of carrying value or fair value less costs to sell. The Company periodically compares the carrying value of real estate held for investment to expected future cash flows as determined by internally or third party generated valuations (including third party appraisals that primarily utilize an income or market approach or some combination of the two) for the purpose of assessing the recoverability of the recorded amounts. If the carrying value exceeds future undiscounted cash flows, the assets are reduced to fair value. As fair value is generally based upon the future undiscounted cash flows, the Company records the impairment on real estate properties as nonrecurring Level 3.  Unobservable market data included in appraisals often includes adjustments to comparable property sales for such items as location, size and quality to estimate fair values using a sales comparison approach.  Unobservable market data also includes cash flow assumptions and capitalization rates used to estimate fair values under an income approach.
	The following tables present information about the Company’s assets and liabilities measured at fair value on a nonrecurring basis as of September 30, 2013 and December 31, 2012:
							Fair Value Measurements Using
			Carrying Value				Quoted Prices In Active Markets for Identical Assets				Significant Other Observable Inputs				Significant Unobservable Inputs
							(Level 1)				(Level 2)				(Level 3)
	30-Sep-13
	Nonrecurring:
	Impaired loans:
	Commercial		$	632,988				—				—			$	632,988
	Residential			4,339,200				—				—				4,339,200
	Total		$	4,972,188				—				—			$	4,972,188
	Real estate properties:
	Land		$	15,307,609				—				—			$	15,307,609
	Marina			408,000				—				—				408,000
	Total		$	15,715,609				—				—			$	15,715,609
	31-Dec-12
	Nonrecurring:
	Impaired loans:
	Commercial		$	632,795				—				—			$	632,795
	Residential			4,339,200				—				—				4,339,200
	Land			6,184,845				—				—				6,184,845
	Total		$	11,156,840				—				—			$	11,156,840
	Real estate properties:
	Land		$	15,365,233				—				—			$	15,365,233
	Residential			8,517,932												8,517,932
	Retail			1,662,889				—				—				1,662,889
	Marina			408,000												408,000
	Total		$	25,954,054				—				—			$	25,954,054
	The (reversal) provision for loan losses based on the fair value of loan collateral less estimated selling costs for the impaired loans above totaled approximately $(11,000) and $549,000 during the three months ended September 30, 2013 and 2012, respectively, and $0 and $871,000 during the nine months ended September 30, 2013 and 2012, respectively. Impairment losses were recorded on real estate properties in the amounts of approximately $0 and $615,000 during the three months ended September 30, 2013 and 2012, respectively, and $0 and $1,033,000 during the nine months ended September 30, 2013 and 2012, respectively.
	During the nine months ended September 30, 2013 and 2012, there were no transfers in or out of Levels 1 and 2.
	The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at September 30, 2013:
	Description		Fair Value			Valuation Technique		Significant Unobservable Inputs		Range (Weighted Average)
	Impaired Loans:
	Commercial		$	632,988		Appraisal		Estimate of Future Improvements			13.90%
								Discount Rate			9.50%
	Residential		$	4,339,200		Appraisal		Capitalization Rate			6%
	Real Estate Properties:
	Marina		$	408,000		Appraisal		Comparable Sales Adjustment Range		0%	to	1.45%
								Capitalization Rate			8.20%
								Estimate of Future Improvements			17.80%
	Land		$	15,307,609		Appraisal		Comparable Sales Adjustment Range		-70.30%	to	62.70%	(-	-23.70%	to	24.8%	-)
								Discount Rate			25.00%
								Estimate of Future Improvements			26.60%
	Where only one percentage is presented in the above table there was only one unobservable input of that type for one loan or property. Adjustments to comparable sales included items such as market conditions, location, size, condition, access/frontage and intended use.
	The approximate carrying amounts and estimated fair values of financial instruments at September 30, 2013 and December 31, 2012 are as follows:
								Fair Value Measurements at September 30, 2013
				Carrying Value				Level 1				Level 2				Level 3		Total
	Financial assets
		Cash and cash equivalents		$	24,727,000			$	24,727,000			$	—			$	—	$	24,727,000
		Restricted cash			3,984,000				3,984,000				—				—		3,984,000
	Loans, net			48,434,000				—				—				48,434,000		48,434,000
	Investment in limited liability company			2,180,000				—				—				2,180,000		2,180,000
	Interest and other receivables			1,501,000				—				248,000				1,253,000		1,501,000
Financial liabilities
	Due to Manager		$	271,000			$	—			$	271,000			$	—	$	271,000
	Accrued interest payable			96,000				—				96,000				—		96,000
	Notes payable			14,161,000				—				—				14,212,000		14,212,000
							Fair Value Measurements at December 31, 2012
			Carrying Value				Level 1				Level 2				Level 3		Total
Financial assets
	Cash and cash equivalents		$	21,132,000			$	21,132,000			$	—			$	—	$	21,132,000
	Restricted cash			6,264,000				6,264,000				—				—		6,264,000
	Loans, net			45,844,000				—				—				45,844,000		45,844,000
	Investment in limited liability company			2,142,000				—				—				2,142,000		2,142,000
	Interest and other receivables			3,485,000				—				1,890,000				1,595,000		3,485,000
Financial liabilities
	Due to Manager		$	298,000			$	—			$	298,000			$	—	$	298,000
	Accrued interest payable			56,000				—				56,000				—		56,000
	Notes payable			13,385,000				—				—				13,461,000		13,461,000
The carrying value of cash and cash equivalents and restricted cash approximates the fair value because of the relatively short maturity of these instruments and are classified as Level 1. The carrying value of loans (net of allowance for loan losses), other than those analyzed under ASC 310-10-35 and ASC 820 above, approximates the fair value. The fair value is estimated based upon projected cash flows discounted at the estimated current interest rates at which similar loans would be made by the Company resulting in a Level 3 classification. The applicable amount of accrued interest receivable and advances related thereto has also been considered in evaluating the fair value versus the carrying value of loans. The fair value of the Company’s investment in limited liability company is estimated based on an appraisal obtained, approximates the carrying value and is classified as Level 3. The fair values of the Company’s notes payable are estimated based upon comparable market indicators of current pricing for the same or similar issues or on the current rates offered to the Company for debt of the same remaining maturities resulting in a Level 3 classification. The carrying values of interest and other receivables, due to manager and accrued interest payable are estimated to approximate fair values due to the short term nature of these instruments and are classified as Level 2 (except for advances related to loans which are classified as Level 3).

Note_12_Commitments_and_Contin

Note 12 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	NOTE 12 - COMMITMENTS AND CONTINGENCIES
	Environmental Remediation Obligations
	The Company has an obligation to pay all required costs to remediate and monitor contamination of the real properties owned by 1850. As part of the Operating Agreement executed by the Company and its joint venture partner in 1850, Nanook, the Company has indemnified Nanook against all obligations related to the expected costs to monitor and remediate the contamination. In 2008, the Company had accrued an amount that a third party consultant had estimated will need to be paid to monitor and remediate the site. The majority of clean-up activities were completed during 2012 as part of the tenant’s construction of a new building on the site. Thus, approximately $460,000 was paid by the Company from the previously established liability, and an additional $100,000 was accrued during the year ended December 31, 2012 as a result of an updated estimate of future costs to be incurred. If additional amounts are required, it will be an obligation of the Company. As of September 30, 2013 and December 31, 2012, approximately $63,000 and $70,000 of this obligation remains accrued on the Company’s books. All costs for this remediation will be paid from cash reserves.
	During the course of due diligence performed by a potential buyer of TOTB in the year ended December 31, 2012, a low level of arsenic was found in the ground water of a monitoring well located on the property owned by TOTB. While the level of arsenic exceeds the minimum level acceptable for drinking water standards, the water under this property is subject to tidal influence and is not used for domestic consumption. The Company and OFG have retained an environmental consultant to perform additional testing and analysis with the goal of petitioning the appropriate governmental agency to issue a no further action letter for this property due to the low level of contamination and the low quality of the ground water under the property. At this time, the costs of any potential remediation and/or monitoring are unknown and cannot be estimated. As of September 30, 2013, approximately $52,000 has been accrued and/or paid as an estimate of the environmental consultant’s costs to perform testing and analysis.
	Contractual Obligations
	The Company has entered into various contracts for design, engineering, permit approval and construction of the land owned by TSV. The aggregate amount of these contracts as of the date of this filing is approximately $16,967,000 of which approximately $3,942,000 has been incurred to September 30, 2013. All costs for this project will be paid from cash reserves and/or construction financing to be obtained in the future.
	The Company has also entered into a contract for the initial design, architectural and engineering services related to the possible renovation of the vacant building owned by TOTB in the amount of $150,000 of which approximately $69,000 has been incurred to date.
	Legal Proceedings
	The Company is involved in various legal actions arising in the normal course of business. In the opinion of management, such matters will not have a material effect upon the financial position of the Company.

Note_13_Subsequent_Events

Note 13 - Subsequent Events	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	NOTE 13 – SUBSEQUENT EVENTS
	In September 2013, the Board of Directors authorized a dividend of $0.016 per share of common stock that was paid on October 14, 2013 to stockholders of record at the close of business on October 5, 2013.
	In October 2013, the Board of Directors authorized a dividend of $0.016 per share of common stock that is payable on November 13, 2013 to stockholders of record at the close of business on November 5, 2013.
	Pursuant to the Repurchase Plan, the Company repurchased an additional 226,895 shares of its common stock subsequent to September 30, 2013 through November 6, 2013 (settlement date) for a total cost of approximately $2,840,000 (including commissions).

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Consolidation, Policy [Policy Text Block]	'
	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its wholly-owned taxable REIT subsidiary (TRS) and its majority- and wholly-owned limited liability companies (see notes 5 and 6). The Company is in the business of providing mortgage lending services and manages its business as one operating segment. Due to foreclosure activity, the Company also owns and manages real estate assets.
	Certain reclassifications, not affecting previously reported net income or total stockholders’ equity, have been made to the previously issued consolidated financial statements to conform to the current period presentation.
Use of Estimates, Policy [Policy Text Block]	'
	Management Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Such estimates relate principally to the determination of the allowance for loan losses, including the valuation of impaired loans, the valuation of real estate held for sale and investment, and the estimate of the environmental remediation liability (see notes 4 and 12). Fair value estimates are derived from information available in the real estate markets including similar property and often require the experience and judgment of third parties such as real estate appraisers and brokers. The estimates figure materially in calculating the value of the property at acquisition, the level of charge to the allowance for loan losses and any subsequent valuation reserves or write-downs. Such estimates are inherently imprecise and actual results could differ significantly from such estimates.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	'
	Cash and Cash Equivalents
	Cash and cash equivalents include funds on deposit with financial institutions.
	Restricted Cash
	Restricted cash includes contingency reserves required pursuant to the Company’s charter, cash reserved for Company purchases of its own common stock and escrow deposits for property taxes to be paid on certain Company real estate properties.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	'
	Concentration of Credit Risk
	Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and loans. The Company places its cash and cash equivalents with financial institutions and, at times, cash held may exceed the Federal Deposit Insurance Corporation, or “FDIC”, insured limit. The Company has exposure to credit risk on its loans and other investments. The Company’s manager, OFG, will seek to manage credit risk by performing analysis of underlying collateral assets.
Finance, Loans and Leases Receivable, Policy [Policy Text Block]	'
	Loans
	Loans are stated at the principal amount outstanding. The Company’s portfolio consists primarily of real estate loans generally collateralized by first, second and third deeds of trust. Interest income on loans is accrued by the simple interest method. Loans are generally placed on nonaccrual status when the borrowers are past due greater than ninety days or when full payment of principal and interest is not expected. When a loan is classified as nonaccrual, interest accruals discontinue and all past due interest remains accrued until the loan becomes current, is paid off or is foreclosed upon. Interest accruals are resumed on such loans only when they are brought fully current with respect to interest and principal and when, in the judgment of management, the loans are estimated to be fully collectible as to both principal and interest. Cash receipts on nonaccrual loans are used to reduce any outstanding accrued interest, and then are recorded as interest income, except when such payments are specifically designated as principal reduction or when management does not believe the Company’s investment in the loan is fully recoverable.
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	'
	Allowance for Loan Losses
	Loans and the related accrued interest and advances are analyzed by management on a periodic basis for ultimate recovery. The allowance for loan losses is an estimate of credit losses inherent in the Company’s loan portfolio that have been incurred as of the balance sheet date. The allowance is established through a provision for loan losses which is charged to expense. Additions to the allowance are expected to maintain the adequacy of the total allowance after credit losses and loan growth. Credit exposures determined to be uncollectible are charged against the allowance. Cash received on previously charged off amounts is recorded as a recovery to the allowance. The overall allowance consists of two primary components, specific reserves related to impaired loans and general reserves for inherent losses related to loans that are not impaired.
	Regardless of a loan type, a loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due, including principal and interest, according to the contractual terms of the original agreement or when monthly payments are delinquent for more than 90 days on a loan. All loans determined to be impaired are individually evaluated for impairment. When a loan is impaired, management estimates impairment based on the present value of expected future cash flows discounted at the loan's effective interest rate, except that as a practical expedient, it may measure impairment based on a loan's observable market price, or the fair value of the collateral if the loan is collateral dependent. A loan is collateral dependent if the repayment of the loan is expected to be provided solely by the underlying collateral. These valuations are generally updated during the fourth quarter but may be updated during interim periods if deemed appropriate by management.
	A restructuring of a debt constitutes a troubled debt restructuring (“TDR”) if the Company for economic or legal reasons related to the debtor's financial difficulties grants a concession to the debtor that it would not otherwise consider. Restructured loans typically present an elevated level of credit risk as the borrowers are not able to perform according to the original contractual terms. Loans that are reported as TDR’s are considered impaired and measured for impairment as described above.
	The determination of the general reserve for loans that are not impaired is based on estimates made by management, to include, but not limited to, consideration of historical losses by portfolio segment, internal asset classifications, and qualitative factors to include economic trends in the Company’s service areas, industry experience and trends, geographic concentrations, estimated collateral values, the Company’s underwriting policies, the character of the loan portfolio, and probable losses inherent in the portfolio taken as a whole.
	The Company maintains a separate allowance for each portfolio segment (loan type). These portfolio segments include commercial real estate, residential real estate and land loans. The allowance for loan losses attributable to each portfolio segment, which includes both impaired loans and loans that are not impaired, is combined to determine the Company’s overall allowance, which is included on the consolidated balance sheet. The reserve for loans that are not impaired consists of reserve factors that are based on management’s assessment of the following for each portfolio segment: (1) inherent credit risk, (2) historical losses, and (3) other qualitative factors. These reserve factors are inherently subjective and are driven by the repayment risk associated with each portfolio segment described below.
	Commercial and Residential Real Estate Loans –Adverse economic developments or an overbuilt market impact commercial and residential real estate projects and may result in troubled loans. Trends in vacancy rates of properties impact the credit quality of these loans. High vacancy rates reduce operating revenues and the ability for properties to produce sufficient cash flow to service debt obligations.
	Land Loans – These loans generally possess a higher inherent risk of loss than other real estate portfolio segments. A major risk arises from the necessity to complete projects within specified costs and time lines. Trends in the construction industry significantly impact the credit quality of these loans as demand drives construction activity. In addition, trends in real estate values significantly impact the credit quality of these loans, as property values determine the economic viability of construction projects.
Revenue Recognition, Policy [Policy Text Block]	'
	Rental Income
	The Company leases multifamily rental units under operating leases with terms of generally one year or less. Rental revenue is recognized, net of rental concessions, on a straight-line method over the related lease term. Rental income on commercial property is recognized on a straight-line basis over the term of each operating lease. Recognition of gains on the sale of real estate is dependent upon the transaction meeting certain criteria related to the nature of the property and the terms of the sale including potential seller financing.
Real Estate Held for Development and Sale, Policy [Policy Text Block]	'
	Real Estate Held for Sale
	Real estate held for sale includes real estate acquired in full or partial settlement of loan obligations, generally through foreclosure, and is being marketed for sale. Real estate held for sale is recorded at acquisition at the property’s estimated fair value less estimated costs to sell. Any excess of the recorded investment in the loan over the net realizable value is charged against the allowance for loan losses.
	After acquisition, costs incurred relating to the development and improvement of property are capitalized to the extent they do not cause the recorded value to exceed the net realizable value, whereas costs relating to holding and disposition of the property are expensed as incurred. After acquisition, real estate held for sale is analyzed periodically for changes in fair values and any subsequent write down is charged to impairment losses on real estate properties. Any recovery in the fair value subsequent to such a write down is recorded (not to exceed the net realizable value at acquisition) as an offset to impairment losses on real estate properties. Recognition of gains on the sale of real estate is dependent upon the transaction meeting certain criteria related to the nature of the property and the terms of the sale including potential seller financing.
Real Estate, Policy [Policy Text Block]	'
	Real Estate Held for Investment
	Real estate held for investment includes real estate acquired in full or partial settlement of loan obligations, generally through foreclosure, and is not being marketed for sale and is either being operated, such as rental properties; is being managed through the development process, including obtaining appropriate and necessary entitlements, permits and construction; or are idle properties awaiting more favorable market conditions. Real estate held for investment is recorded at acquisition at the property’s estimated fair value, less estimated costs to sell.
	After acquisition, costs incurred relating to the development and improvement of the property are capitalized, whereas costs relating to operating or holding the property are expensed. Subsequent to acquisition, management periodically compares the carrying value of real estate to expected undiscounted future cash flows for the purpose of assessing the recoverability of the recorded amounts. If the carrying value exceeds future undiscounted cash flows, the assets are reduced to estimated fair value.
	Depreciation of real estate properties held for investment is provided on the straight-line method over the estimated remaining useful lives of buildings and improvements (5-39 years). Depreciation of tenant improvements is provided on the straight-line method over the lives of the related leases.
	The Company reclassifies real estate properties from held for investment to held for sale in the period in which all of the following criteria are met: 1) Management commits to a plan to sell the property; 2) The property is available for immediate sale in its present condition; 3) An active program to locate a buyer has been initiated; 4) The sale of the property is probable and the transfer of the property is expected to qualify for recognition as a completed sale, within one year; and 5) Actions required to complete the plan indicate it is unlikely that significant changes to the plan will be made or the plan will be withdrawn.
	If circumstances arise that previously were considered unlikely, and, as a result, the Company decides not to sell a real estate property classified as held for sale, the property is reclassified to held for investment. The property is then measured individually at the lower of its carrying amount, adjusted for depreciation or amortization expense that would have been recognized had the property been continuously classified as held for investment or its fair value at the date of the subsequent decision not to sell.
Environmental Costs, Policy [Policy Text Block]	'
	Environmental Remediation Liability
	Liabilities related to future environmental remediation costs are recorded when remediation or monitoring or both are probable and the costs can be reasonably estimated. The Company’s environmental remediation liability related to the property located in Santa Clara, California (held within 1850 De La Cruz, LLC – see Notes 4 and 12) was recorded based on a third party consultant’s estimate of the costs required to remediate and monitor the contamination.
Earnings Per Share, Policy [Policy Text Block]	'
	Earnings per Share
	The Company calculates basic earnings (loss) per share by dividing net income (loss) allocable to common stockholders for the period by the weighted-average shares of common stock outstanding for that period. Diluted earnings (loss) per share takes into effect any dilutive instruments, except when doing so would be anti-dilutive. At the present time, the Company has not issued any restricted stock or restricted stock units.
Income Tax, Policy [Policy Text Block]	'
	Income Taxes
	The Company intends to elect and qualify for taxation as a REIT. As a result of the Company’s expected REIT qualification and its distribution policy, the Company does not generally expect to pay U.S. federal corporate level income taxes. Many of the REIT requirements, however, are highly technical and complex. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that the Company distribute annually at least 90% of the Company’s REIT taxable income to the Company’s stockholders. If the Company has previously qualified as a REIT and fails to qualify as a REIT in any subsequent taxable year and does not qualify for certain statutory relief provisions, the Company will be subject to U.S. federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may be precluded from qualifying as a REIT for the Company’s four subsequent taxable years. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain U.S. federal, state, local and foreign taxes on the Company’s income and property and to U.S. federal income and excise taxes on the Company’s undistributed REIT taxable income.
	ASC 740 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Company has analyzed its various federal and state filing positions and believes that its income tax filing positions and deductions are well documented and supported.
	As of September 30, 2013 and December 31, 2012, the Company has not recorded a reserve for any uncertain income tax positions. There has been no interest or penalties incurred to date.

Note_3_Loans_and_Allowance_for1

Note 3 - Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2013
Receivables [Abstract]	'
Allowance for Credit Losses on Financing Receivables [Table Text Block]	'
	2013	Commercial			Residential			Land			Total
	Allowance for loan losses:
		Three Months Ended September 30, 2013
	Beginning balance	$	1,216,857		$	4,378,847		$	9,012		$	5,604,716
	Charge-offs		—			—			—			—
	(Reversal) Provision		(420,085	)		222			3			(419,860	)
	Ending Balance	$	796,772		$	4,379,069		$	9,015		$	5,184,856
		Nine Months Ended September 30, 2013
	Beginning balance	$	1,606,925		$	4,288,108		$	18,522,864		$	24,417,897
	Charge-offs		—			—			(11,856,697	)		(11,856,697	)
	(Reversal) Provision		(810,153	)		90,961			(6,657,152	)		(7,376,344	)
	Ending balance	$	796,772		$	4,379,069		$	9,015		$	5,184,856
		As of September 30, 2013
	Ending balance: individually evaluated for impairment	$	446,711		$	3,644,145		$	—		$	4,090,856
	Ending balance: collectively evaluated for impairment	$	350,061		$	734,924		$	9,015		$	1,094,000
	Ending balance	$	796,772		$	4,379,069		$	9,015		$	5,184,856
	Loans:
	Ending balance	$	19,318,878		$	29,124,575		$	5,175,503		$	53,618,956
	Ending balance: individually evaluated for impairment	$	14,066,878		$	10,304,575		$	4,975,503		$	29,346,956
	Ending balance: collectively evaluated for impairment	$	5,252,000		$	18,820,000		$	200,000		$	24,272,000
	2012	Commercial			Residential			Land			Total
	Allowance for loan losses:
		Three Months Ended September 30, 2012
	Beginning balance	$	2,369,287		$	3,855,281		$	18,164,938		$	24,389,506
	(Reversal) Provision		(167,073	)		(211,200	)		929,843			551,570
	Ending Balance	$	2,202,214		$	3,644,081		$	19,094,781		$	24,941,076
		Nine Months Ended September 30, 2012
	Beginning balance	$	2,951,543		$	3,855,281		$	17,735,073		$	24,541,897
	(Reversal) Provision		(749,329	)		(211,200	)		1,359,708			399,179
	Ending balance	$	2,202,214		$	3,644,081		$	19,094,781		$	24,941,076
		As of December 31, 2012
	Ending balance: individually evaluated for impairment	$	446,904		$	3,644,129		$	18,522,864		$	22,613,897
	Ending balance: collectively evaluated for impairment	$	1,046,681		$	757,319		$	—		$	1,804,000
	Ending balance	$	1,493,585		$	4,401,448		$	18,522,864		$	24,417,897
	Loans:
	Ending balance	$	21,884,292		$	19,199,631		$	29,178,339		$	70,262,262
	Ending balance: individually evaluated for impairment	$	9,694,292		$	10,379,631		$	29,178,339		$	49,252,262
	Ending balance: collectively evaluated for impairment	$	12,190,000		$	8,820,000		$	—		$	21,010,000
Past Due Financing Receivables [Table Text Block]	'
	30-Sep-13	Loans 30-59 Days Past Due			Loans 60-89 Days Past Due			Loans 90 or More Days Past Due			Total Past Due Loans			Current Loans		Total Loans
	Commercial	$	—		$	—		$	14,066,878		$	14,066,878		$	5,252,000	$	19,318,878
	Residential		—			—			10,304,575			10,304,575			18,820,000		29,124,575
	Land		—			—			4,975,503			4,975,503			200,000		5,175,503
		$	—		$	—		$	29,346,956		$	29,346,956		$	24,272,000	$	53,618,956
	31-Dec-12	Loans			Loans			Loans			Total Past			Current Loans		Total Loans
		30-59 Days			60-89 Days			90 or More Days			Due Loans
		Past Due			Past Due			Past Due
	Commercial	$	—		$	—		$	9,694,292		$	9,694,292		$	12,190,000	$	21,884,292
	Residential		—			—			10,379,631			10,379,631			8,820,000		19,199,631
	Land		—			—			29,178,339			29,178,339			—		29,178,339
		$	—		$	—		$	49,252,262		$	49,252,262		$	21,010,000	$	70,262,262
Impaired Financing Receivables [Table Text Block]	'
		As of September 30, 2013
		Recorded			Unpaid			Related
		Investment			Principal			Allowance
					Balance
	With no related allowance recorded:
	Commercial	$	13,711,175		$	12,988,126		$	—
	Residential		2,842,303			2,769,575			—
	Land		4,981,754			4,975,503			—
	With an allowance recorded:
	Commercial		1,079,699			1,078,752			446,711
	Residential		7,983,345			7,535,000			3,644,145
	Land		—			—			—
	Totals:
	Commercial	$	14,790,874		$	14,066,878		$	446,711
	Residential	$	10,825,648		$	10,304,575		$	3,644,145
	Land	$	4,981,754		$	4,975,503		$	—
		Three Months Ended						Nine Months Ended
		30-Sep-13						30-Sep-13
		Average			Interest			Average			Interest
		Recorded			Income			Recorded			Income
		Investment			Recognized			Investment			Recognized
	With no related allowance recorded:
	Commercial	$	13,706,182		$	219,319		$	9,380,952		$	541,670
	Residential		2,834,509			33,913			2,865,277			102,754
	Land		4,978,579			54,320			4,977,480			218,961
	With an allowance recorded:
	Commercial		1,079,699			6,000			1,079,699			18,000
	Residential		7,983,345			39,000			7,983,341			166,100
	Land		—			—			11,682,004			—
	Totals:
	Commercial	$	14,785,881		$	225,319		$	10,460,651		$	559,670
	Residential	$	10,817,854		$	72,913		$	10,848,618		$	268,854
	Land	$	4,978,579		$	54,320		$	16,659,484		$	218,961
		As of December 31, 2012
		Recorded			Unpaid			Related
		Investment			Principal			Allowance
					Balance
	With no related allowance recorded:
	Commercial	$	9,176,218		$	8,615,540		$	—
	Residential		2,890,037			2,844,631			—
	Land		4,976,929			4,975,503			—
	With an allowance recorded:
	Commercial		1,079,699			1,078,752			446,904
	Residential		7,983,329			7,535,000			3,644,129
	Land		24,707,709			24,202,836			18,522,864
	Totals:
	Commercial	$	10,255,917		$	9,694,292		$	446,904
	Residential	$	10,873,366		$	10,379,631		$	3,644,129
	Land	$	29,684,638		$	29,178,339		$	18,522,864
		Three Months Ended						Nine Months Ended
		30-Sep-12						30-Sep-12
		Average			Interest			Average			Interest
		Recorded			Income			Recorded			Income
		Investment			Recognized			Investment			Recognized
	With no related allowance recorded:
	Commercial	$	12,046,985		$	381,610		$	11,900,346		$	468,943
	Residential		2,889,946			47,292			2,942,967			121,044
	Land		4,618,391			76,125			4,761,683			236,917
	With an allowance recorded:
	Commercial		1,079,419			13,484			1,079,043			13,484
	Residential		7,983,281			44,850			7,983,281			178,107
	Land		24,704,084			—			24,586,721			—
	Total:
Commercial	$	13,126,404		$	395,094		$	12,979,389		$	482,427
Residential	$	10,873,227		$	92,142		$	10,926,248		$	299,151
Land	$	29,322,475		$	76,125		$	29,348,404		$	236,917
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	'
		Modifications
		During the Three Months Ended September 30, 2013
		Number of			Pre-Modification			Post-Modification
		Contracts			Outstanding			Outstanding
					Recorded Investment			Recorded Investment
	Troubled Debt Restructurings That Occurred During the Quarter
	Commercial		1		$	2,638,530		$	8,966,180
		Modifications
		During the Nine Months Ended September 30, 2013
		Number of			Pre-Modification			Post-Modification
		Contracts			Outstanding			Outstanding
					Recorded Investment			Recorded Investment
	Troubled Debt Restructurings That Occurred During the Nine Months
	Commercial		2		$	3,738,530		$	10,066,180
	Residential		1			272,028			272,028
		Number of			Recorded
	Troubled Debt Restructurings That Subsequently Defaulted During the Nine Month Period	Contracts			Investment
	Residential		1		$	272,028
		Modifications
		During the Three Months Ended September 30, 2012
		Number of			Pre-Modification			Post-Modification
		Contracts			Outstanding			Outstanding
					Recorded Investment			Recorded Investment
	Troubled Debt Restructurings That Occurred During the Quarter
	Commercial		1		$	655,485		$	655,485
	Land		1			2,406,411			2,406,411
		Modifications
		During the Nine Months Ended September 30, 2012
		Number of			Pre-Modification			Post-Modification
		Contracts			Outstanding			Outstanding
					Recorded Investment			Recorded Investment
	Troubled Debt Restructurings That Occurred During the Nine Months
	Commercial		1		$	655,485		$	655,485
	Land		2			5,367,180			5,367,180

Note_5_Real_Estate_Held_for_Sa1

Note 5 - Real Estate Held for Sale (Tables)	9 Months Ended
	Sep. 30, 2013
Disclosure Text Block [Abstract]	'
	'
		September 30,		December 31,
		2013		2012
	Residential	$	93,647	$	42,458,402
	Land		3,462,664		7,752,836
	Retail		—		5,553,856
	Golf course		1,961,284		—
	Marina		408,000		408,000
		$	5,925,595	$	56,173,094
Impairment Losses on Real Estate Held for Sale [Table Text Block]	'
		Three Months Ended September 30, 2012		Nine Months Ended September 30, 2012
	Manufactured home subdivision development, Ione, California	$	100,830	$	100,830
	Golf course, Auburn, California (held within DarkHorse Golf Club, LLC)		—		328,240
	Marina with 30 boat slips and 11 RV spaces, Oakley, California (held within The Last Resort and Marina, LLC)		24,000		24,000
		$	124,830	$	453,070

Note_6_Real_Estate_Held_for_In1

Note 6 - Real Estate Held for Investment (Tables)	9 Months Ended														6 Months Ended
	Sep. 30, 2013							Sep. 30, 2013							Jun. 30, 2013
								By Class of Property [Member]							Impaired [Member]
Note 6 - Real Estate Held for Investment (Tables) [Line Items]	'							'							'
Schedule of Real Estate Properties [Table Text Block]	'							'							'
		September 30,			December 31,				September 30,			December 31,				Three Months Ended September 30, 2012		Nine Months Ended September 30, 2012
		2013			2012				2013			2012
	Land	$	43,632,440		$	24,766,280		Land	$	70,262,193		$	37,381,547		75 improved residential lots, Auburn, California, (held within Baldwin Ranch Subdivision, LLC)	$	31,156	$	31,156
	Residential		47,292,299			14,547,406		Buildings and improvements		65,326,774			40,736,868		Undeveloped industrial land, San Jose, California		86,400		86,400
	Retail		15,637,078			11,974,751				135,588,967			78,118,415		Two improved residential lots, West Sacramento, California		—		51,840
	Office		9,407,856			9,657,815		Less: Accumulated depreciation		(9,077,635	)		(6,518,160	)	Undeveloped residential land, Coolidge, Arizona		—		38,400
	Industrial		4,568,415			4,656,936			$	126,511,332		$	71,600,255		6 improved residential lots, Coeur D’Alene, Idaho		372,400		372,400
	Storage		3,967,754			4,037,575										$	489,956	$	580,196
	Marina		2,005,490			—
	Golf course		—			1,959,492
		$	126,511,332		$	71,600,255
Income from Real Estate Held for Investment [Table Text Block]	'							'							'
		Nine Months Ended September 30, 2013			Nine Months Ended September 30, 2012
	Anacapa Villas, LLC (sold in 2012)	$	(4,000	)	$	41,000
	Dation, LLC (sold in 2012 and 2013)		7,000			2,000
	DarkHorse Golf Club, LLC (golf course sold in 2012)		(166,000	)		(151,000	)
	Lone Star Golf, LLC		(62,000	)		(79,000	)
	Baldwin Ranch Subdivision, LLC		(70,000	)		(76,000	)
	The Last Resort and Marina, LLC		(17,000	)		(16,000	)
	33rd Street Terrace, LLC (sold in 2012)		5,000			80,000
	54th Street Condos, LLC		(34,000	)		(258,000	)
	Wolfe Central, LLC		298,000			320,000
	AMFU, LLC		38,000			(15,000	)
	Phillips Road, LLC		73,000			71,000
	550 Sandy Lane, LLC (sold in 2012)		2,000			150,000
	1401 on Jackson, LLC (sold in 2013)		249,000			27,000
	Broadway & Commerce, LLC		38,000			68,000
	Brannan Island, LLC (foreclosed in 2013)		(49,000	)		—
	Light industrial building, Paso Robles, California		141,000			137,000
	Undeveloped industrial land, San Jose, California		(84,000	)		(113,000	)
	Office condominium complex, Roseville, California		137,000			(39,000	)
	Storage facility/business, Stockton, California		224,000			205,000
	Industrial building, Chico, California (sold in 2012)		1,000			1,678,000
	Undeveloped land, Gypsum, Colorado		(205,000	)		(257,000	)
	Retail complex, Hilo, Hawaii (sold in 2013)		20,000			—
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	'							'							'
	Year ending September 30:
	2014	$	5,466,227
	2015		2,452,081
	2016		2,090,444
	2017		1,478,306
	2018		1,167,203
	Thereafter (through 2026)		2,890,051
		$	15,544,312

Note_8_Notes_Payable_Tables

Note 8 - Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2013
Disclosure Text Block [Abstract]	'
Schedule of Maturities of Long-term Debt [Table Text Block]	'
	Year ending September 30:
	2014	$	373,885
	2015		9,786,680
	2016		—
	2017		4,000,000
		$	14,160,565

Note_11_Fair_Value_Tables

Note 11 - Fair Value (Tables)	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Measurements, Nonrecurring [Table Text Block]	'
							Fair Value Measurements Using
			Carrying Value				Quoted Prices In Active Markets for Identical Assets				Significant Other Observable Inputs				Significant Unobservable Inputs
							(Level 1)				(Level 2)				(Level 3)
	30-Sep-13
	Nonrecurring:
	Impaired loans:
	Commercial		$	632,988				—				—			$	632,988
	Residential			4,339,200				—				—				4,339,200
	Total		$	4,972,188				—				—			$	4,972,188
	Real estate properties:
	Land		$	15,307,609				—				—			$	15,307,609
	Marina			408,000				—				—				408,000
	Total		$	15,715,609				—				—			$	15,715,609
	31-Dec-12
	Nonrecurring:
	Impaired loans:
	Commercial		$	632,795				—				—			$	632,795
	Residential			4,339,200				—				—				4,339,200
	Land			6,184,845				—				—				6,184,845
	Total		$	11,156,840				—				—			$	11,156,840
	Real estate properties:
	Land		$	15,365,233				—				—			$	15,365,233
	Residential			8,517,932												8,517,932
	Retail			1,662,889				—				—				1,662,889
	Marina			408,000												408,000
	Total		$	25,954,054				—				—			$	25,954,054
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	'
	Description		Fair Value			Valuation Technique		Significant Unobservable Inputs		Range (Weighted Average)
	Impaired Loans:
	Commercial		$	632,988		Appraisal		Estimate of Future Improvements			13.90%
								Discount Rate			9.50%
	Residential		$	4,339,200		Appraisal		Capitalization Rate			6%
	Real Estate Properties:
	Marina		$	408,000		Appraisal		Comparable Sales Adjustment Range		0%	to	1.45%
								Capitalization Rate			8.20%
								Estimate of Future Improvements			17.80%
	Land		$	15,307,609		Appraisal		Comparable Sales Adjustment Range		-70.30%	to	62.70%	(-	-23.70%	to	24.8%	-)
								Discount Rate			25.00%
								Estimate of Future Improvements			26.60%
Fair Value, by Balance Sheet Grouping [Table Text Block]	'
								Fair Value Measurements at September 30, 2013
				Carrying Value				Level 1				Level 2				Level 3		Total
	Financial assets
		Cash and cash equivalents		$	24,727,000			$	24,727,000			$	—			$	—	$	24,727,000
		Restricted cash			3,984,000				3,984,000				—				—		3,984,000
		Loans, net			48,434,000				—				—				48,434,000		48,434,000
		Investment in limited liability company			2,180,000				—				—				2,180,000		2,180,000
		Interest and other receivables			1,501,000				—				248,000				1,253,000		1,501,000
	Financial liabilities
		Due to Manager		$	271,000			$	—			$	271,000			$	—	$	271,000
		Accrued interest payable			96,000				—				96,000				—		96,000
		Notes payable			14,161,000				—				—				14,212,000		14,212,000
								Fair Value Measurements at December 31, 2012
				Carrying Value				Level 1				Level 2				Level 3		Total
	Financial assets
		Cash and cash equivalents		$	21,132,000			$	21,132,000			$	—			$	—	$	21,132,000
		Restricted cash			6,264,000				6,264,000				—				—		6,264,000
		Loans, net			45,844,000				—				—				45,844,000		45,844,000
		Investment in limited liability company			2,142,000				—				—				2,142,000		2,142,000
		Interest and other receivables			3,485,000				—				1,890,000				1,595,000		3,485,000
	Financial liabilities
		Due to Manager		$	298,000			$	—			$	298,000			$	—	$	298,000
		Accrued interest payable			56,000				—				56,000				—		56,000
		Notes payable			13,385,000				—				—				13,461,000		13,461,000

Note_1_Organization_Details

Note 1 - Organization (Details) (USD $)

0 Months Ended

0 Months Ended

20-May-13

Sep. 30, 2013

Jun. 30, 2013

Feb. 12, 2013

Jan. 23, 2013

Dec. 31, 2012

Aug. 09, 2012

Dec. 31, 2011

Feb. 12, 2013

Aug. 09, 2012

William C. Owens [Member]

William C. Owens [Member]

Note 1 - Organization (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

Common Stock, Shares Authorized

'

50,000,000

[1]

'

'

50,000,000

50,000,000

[1]

1,000,000

'

'

1,000

Common Stock, Par or Stated Value Per Share (in Dollars per share)

'

$0.01

[1]

'

'

$0.01

$0.01

[1]

$0.01

'

'

$0.01

Stock Issued During Period, Shares, New Issues

'

'

'

'

'

'

'

'

'

1,000

Share Price (in Dollars per share)

'

'

'

'

'

'

'

'

'

$1

Stock Issued During Period, Value, New Issues (in Dollars)

'

'

'

'

'

'

'

'

'

$1,000

Preferred Stock, Shares Authorized

'

5,000,000

[1]

'

'

5,000,000

5,000,000

[1]

'

'

'

'

Preferred Stock, Par or Stated Value Per Share (in Dollars per share)

'

$0.01

[1]

'

'

$0.01

$0.01

[1]

'

'

'

'

Stock Repurchased and Retired During Period, Shares

'

'

'

'

'

'

'

'

1,000

'

Stock Repurchased and Retired During Period, Value (in Dollars)

'

'

'

'

'

'

'

'

$1,000

'

Number of Partnership Units Converted Per Common Stock Share

'

'

'

25

'

'

25

'

'

'

Number of Shares of Common Stock Issued Per 25 Partnership Units

'

'

'

1

'

'

'

'

'

'

Partnership Units Repurchased and Retired During Period, Units

1,496,000

'

'

'

'

'

'

'

'

'

Partnership Units Converted During Period, Units

1,378,256

'

'

'

'

'

'

'

'

'

Common Stock, Shares, Issued

'

11,198,119

[1]

'

'

'

11,198,119

[1]

'

11,198,119

'

'

Potential Percentage Penalty Tax

'

'

100.00%

'

'

'

'

'

'

'

REIT, Minimum Percent Distribution of Taxable Income

'

'

90.00%

'

'

'

'

'

'

'

[1]

As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_2_Summary_of_Significant_1

Note 2 - Summary of Significant Accounting Policies (Details)	9 Months Ended
	Sep. 30, 2013
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]	'
Number of Operating Segments	1
Loans Receivable, Nonaccrual Status, Number of Days, Minimum	'90 days
Qualify for Recognition as a Completed Sale, Expected Term	'1 year
Minimum Percentage of Taxable Income to be Distributed to Stockholders	90.00%
Minimum [Member]	'
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]	'
Property, Plant and Equipment, Useful Life	'5 years
Maximum [Member]	'
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]	'
Property, Plant and Equipment, Useful Life	'39 years

Note_3_Loans_and_Allowance_for2

Note 3 - Loans and Allowance for Loan Losses (Details) (USD $)

Sep. 30, 2013

Jun. 30, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Dec. 31, 2011

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2012

Sep. 30, 2012

Combined First Deed of Trust [Member]

Past Due [Member]

Loan [Member]

Combined First Deed of Trust [Member]

Impaired [Member]

Modified Loan Terms [Member]

Modified Loan Terms [Member]

Minimum [Member]

Maximum [Member]

Modified Loan Terms [Member]

Modified Loan Terms [Member]

Note 3 - Loans and Allowance for Loan Losses (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Days Delinquent

'

'

'

'

'

'

'

'

'90 days

'

'

'

'

'

'

Allowance for Loan and Lease Losses, Real Estate

$5,184,856

[1]

$5,604,716

$24,417,897

[1]

$24,941,076

$24,389,506

$24,541,897

'

'

'

'

'

$447,000

$447,000

'

'

Extended Maturity Loan Terms

'15 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Payments for Loans

'

'

'

'

'

'

'

'

'

'

5,899,000

'

'

'

'

Loans and Leases Receivable, Gross, Other

'

'

'

'

'

'

9,625,000

'

'

'

'

'

'

'

'

Debt Instrument, Interest Rate, Stated Percentage

'

'

'

'

'

'

'

'

'

10.00%

'

'

'

'

'

Debt Instrument, Term

'

'

'

'

'

'

'

'

'

'5 years

'

'

'

'12 months

'20 months

Proceeds from Interest Received

'

'

'

'

'

'

'

$659,000

'

'

'

'

'

'

'

[1]

As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_3_Loans_and_Allowance_for3

Note 3 - Loans and Allowance for Loan Losses (Details) - Allocation of the Allowance for Loan Losses (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2013		Jun. 30, 2013	Sep. 30, 2012	Sep. 30, 2013		Sep. 30, 2012	Dec. 31, 2012
Financing Receivable, Allowance for Credit Losses [Line Items]	'		'	'	'		'	'
Beginning balance	$5,604,716		'	$24,389,506	$24,417,897	[1]	$24,541,897	'
Ending balance	5,184,856	[1]	5,604,716	24,941,076	5,184,856	[1]	24,941,076	'
Ending balance: individually evaluated for impairment	4,090,856		'	'	4,090,856		'	22,613,897
Ending balance: collectively evaluated for impairment	1,094,000		'	'	1,094,000		'	1,804,000
Ending balance	5,184,856		'	'	5,184,856		'	24,417,897
Loans:	'		'	'	'		'	'
Ending balance	53,618,956		'	'	53,618,956		'	70,262,262
Ending balance: individually evaluated for impairment	29,346,956		'	'	29,346,956		'	49,252,262
Ending balance: collectively evaluated for impairment	24,272,000		'	'	24,272,000		'	21,010,000
Charge-offs	'		-11,857,000	'	-11,856,697		'	'
(Reversal) provision	-419,860		'	551,570	-7,376,344		399,179	'
Commercial [Member]	'		'	'	'		'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'		'	'	'		'	'
Beginning balance	1,216,857		'	2,369,287	1,606,925		2,951,543	'
Ending balance	796,772		'	2,202,214	796,772		2,202,214	'
Ending balance: individually evaluated for impairment	446,711		'	'	446,711		'	446,904
Ending balance: collectively evaluated for impairment	350,061		'	'	350,061		'	1,046,681
Ending balance	796,772		'	'	796,772		'	1,493,585
Loans:	'		'	'	'		'	'
Ending balance	19,318,878		'	'	19,318,878		'	21,884,292
Ending balance: individually evaluated for impairment	14,066,878		'	'	14,066,878		'	9,694,292
Ending balance: collectively evaluated for impairment	5,252,000		'	'	5,252,000		'	12,190,000
(Reversal) provision	-420,085		'	-167,073	-810,153		-749,329	'
Residential [Member]	'		'	'	'		'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'		'	'	'		'	'
Beginning balance	4,378,847		'	3,855,281	4,288,108		3,855,281	'
Ending balance	4,379,069		'	3,644,081	4,379,069		3,644,081	'
Ending balance: individually evaluated for impairment	3,644,145		'	'	3,644,145		'	3,644,129
Ending balance: collectively evaluated for impairment	734,924		'	'	734,924		'	757,319
Ending balance	4,379,069		'	'	4,379,069		'	4,401,448
Loans:	'		'	'	'		'	'
Ending balance	29,124,575		'	'	29,124,575		'	19,199,631
Ending balance: individually evaluated for impairment	10,304,575		'	'	10,304,575		'	10,379,631
Ending balance: collectively evaluated for impairment	18,820,000		'	'	18,820,000		'	8,820,000
(Reversal) provision	222		'	-211,200	90,961		-211,200	'
Improved and Unimproved Land [Member]	'		'	'	'		'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'		'	'	'		'	'
Beginning balance	9,012		'	18,164,938	18,522,864		17,735,073	'
Ending balance	9,015		'	19,094,781	9,015		19,094,781	'
Ending balance: individually evaluated for impairment	'		'	'	'		'	18,522,864
Ending balance: collectively evaluated for impairment	9,015		'	'	9,015		'	'
Ending balance	9,015		'	'	9,015		'	18,522,864
Loans:	'		'	'	'		'	'
Ending balance	5,175,503		'	'	5,175,503		'	29,178,339
Ending balance: individually evaluated for impairment	4,975,503		'	'	4,975,503		'	29,178,339
Ending balance: collectively evaluated for impairment	200,000		'	'	200,000		'	'
Charge-offs	'		'	'	-11,856,697		'	'
(Reversal) provision	$3		'	$929,843	($6,657,152)		$1,359,708	'
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_3_Loans_and_Allowance_for4

Note 3 - Loans and Allowance for Loan Losses (Details) - Aging Analysis of the Loan Portfolio by the Time Past Due (USD $)	Sep. 30, 2013	Dec. 31, 2012
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
Loans 90 or More Days Past Due	$29,346,956	$49,252,262
Total Past Due Loans	29,346,956	49,252,262
Current Loans	24,272,000	21,010,000
Total Loans	53,618,956	70,262,262
Commercial [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
Loans 90 or More Days Past Due	14,066,878	9,694,292
Total Past Due Loans	14,066,878	9,694,292
Current Loans	5,252,000	12,190,000
Total Loans	19,318,878	21,884,292
Residential [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
Loans 90 or More Days Past Due	10,304,575	10,379,631
Total Past Due Loans	10,304,575	10,379,631
Current Loans	18,820,000	8,820,000
Total Loans	29,124,575	19,199,631
Improved and Unimproved Land [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
Loans 90 or More Days Past Due	4,975,503	29,178,339
Total Past Due Loans	4,975,503	29,178,339
Current Loans	200,000	'
Total Loans	$5,175,503	$29,178,339

Note_3_Loans_and_Allowance_for5

Note 3 - Loans and Allowance for Loan Losses (Details) - Impaired Loans (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Commercial [Member]	'	'	'	'	'
With no related allowance recorded:	'	'	'	'	'
Recorded Investment	$13,711,175	'	$13,711,175	'	$9,176,218
Unpaid Principal Balance	12,988,126	'	12,988,126	'	8,615,540
Average Recorded Investment	13,706,182	12,046,985	9,380,952	11,900,346	'
Interest Income Recognized	219,319	381,610	541,670	468,943	'
With an allowance recorded:	'	'	'	'	'
Recorded Investment	1,079,699	'	1,079,699	'	1,079,699
Unpaid Principal Balance	1,078,752	'	1,078,752	'	1,078,752
Related Allowance	446,711	'	446,711	'	446,904
Average Recorded Investment	1,079,699	1,079,419	1,079,699	1,079,043	'
Interest Income Recognized	6,000	13,484	18,000	13,484	'
Totals:	'	'	'	'	'
Recorded Investment	14,790,874	'	14,790,874	'	10,255,917
Unpaid Principal Balance	14,066,878	'	14,066,878	'	9,694,292
Related Allowance	446,711	'	446,711	'	446,904
Average Recorded Investment	14,785,881	13,126,404	10,460,651	12,979,389	'
Interest Income Recognized	225,319	395,094	559,670	482,427	'
Residential [Member]	'	'	'	'	'
With no related allowance recorded:	'	'	'	'	'
Recorded Investment	2,842,303	'	2,842,303	'	2,890,037
Unpaid Principal Balance	2,769,575	'	2,769,575	'	2,844,631
Average Recorded Investment	2,834,509	2,889,946	2,865,277	2,942,967	'
Interest Income Recognized	33,913	47,292	102,754	121,044	'
With an allowance recorded:	'	'	'	'	'
Recorded Investment	7,983,345	'	7,983,345	'	7,983,329
Unpaid Principal Balance	7,535,000	'	7,535,000	'	7,535,000
Related Allowance	3,644,145	'	3,644,145	'	3,644,129
Average Recorded Investment	7,983,345	7,983,281	7,983,341	7,983,281	'
Interest Income Recognized	39,000	44,850	166,100	178,107	'
Totals:	'	'	'	'	'
Recorded Investment	10,825,648	'	10,825,648	'	10,873,366
Unpaid Principal Balance	10,304,575	'	10,304,575	'	10,379,631
Related Allowance	3,644,145	'	3,644,145	'	3,644,129
Average Recorded Investment	10,817,854	10,873,227	10,848,618	10,926,248	'
Interest Income Recognized	72,913	92,142	268,854	299,151	'
Improved and Unimproved Land [Member]	'	'	'	'	'
With no related allowance recorded:	'	'	'	'	'
Recorded Investment	4,981,754	'	4,981,754	'	4,976,929
Unpaid Principal Balance	4,975,503	'	4,975,503	'	4,975,503
Average Recorded Investment	4,978,579	4,618,391	4,977,480	4,761,683	'
Interest Income Recognized	54,320	76,125	218,961	236,917	'
With an allowance recorded:	'	'	'	'	'
Recorded Investment	'	'	'	'	24,707,709
Unpaid Principal Balance	'	'	'	'	24,202,836
Related Allowance	'	'	'	'	18,522,864
Average Recorded Investment	'	24,704,084	11,682,004	24,586,721	'
Totals:	'	'	'	'	'
Recorded Investment	4,981,754	'	4,981,754	'	29,684,638
Unpaid Principal Balance	4,975,503	'	4,975,503	'	29,178,339
Related Allowance	'	'	'	'	18,522,864
Average Recorded Investment	4,978,579	29,322,475	16,659,484	29,348,404	'
Interest Income Recognized	$54,320	$76,125	$218,961	$236,917	'

Note_3_Loans_and_Allowance_for6

Note 3 - Loans and Allowance for Loan Losses (Details) - Loan Modifications (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Commercial [Member]	'	'	'	'
Financing Receivable, Modifications [Line Items]	'	'	'	'
Number of Contracts	1	1	2	1
Pre-Modification Outstanding Recorded Investment	$2,638,530	$655,485	$3,738,530	$655,485
Post-Modification Outstanding Recorded Investment	8,966,180	655,485	10,066,180	655,485
Residential [Member]	'	'	'	'
Financing Receivable, Modifications [Line Items]	'	'	'	'
Number of Contracts	'	'	1	'
Pre-Modification Outstanding Recorded Investment	'	'	272,028	'
Post-Modification Outstanding Recorded Investment	'	'	272,028	'
Improved and Unimproved Land [Member]	'	'	'	'
Financing Receivable, Modifications [Line Items]	'	'	'	'
Number of Contracts	'	1	'	2
Pre-Modification Outstanding Recorded Investment	'	2,406,411	'	5,367,180
Post-Modification Outstanding Recorded Investment	'	$2,406,411	'	$5,367,180

Note_4_Investment_in_Limited_L1

Note 4 - Investment in Limited Liability Company (Details) (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012
Note 4 - Investment in Limited Liability Company (Details) [Line Items]	'		'		'		'
Proceeds from Equity Method Investment, Dividends or Distributions	'		'		$80,000	[1]	$65,000	[1]
Income (Loss) from Equity Method Investments	38,946	[1]	37,921	[1]	118,572	[1]	116,094	[1]
1850 [Member]	'		'		'		'
Note 4 - Investment in Limited Liability Company (Details) [Line Items]	'		'		'		'
Number of Real Estate Properties	2		'		2		'
Number of Companies	2		'		2		'
Proceeds from Equity Method Investment, Dividends or Distributions	'		'		80,000		65,000
Income (Loss) from Equity Method Investments	$39,000		$38,000		$119,000		$116,000
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_5_Real_Estate_Held_for_Sa2

Note 5 - Real Estate Held for Sale (Details) (USD $)

3 Months Ended

9 Months Ended

9 Months Ended

1 Months Ended

9 Months Ended

1 Months Ended

9 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Nov. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Aug. 31, 2011

Aug. 31, 2011

Aug. 31, 2011

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Residential [Member]

Residential [Member]

Residential [Member]

Commercial [Member]

Remaining Unit [Member]

Basis Amount [Member]

1401 on Jackson, LLC [Member]

1401 on Jackson, LLC [Member]

1401 on Jackson, LLC [Member]

Dalton LLC [Member]

Dalton LLC [Member]

Dalton LLC [Member]

1875 [Member]

1875 [Member]

1875 [Member]

1875 [Member]

1875 [Member]

Hilo, Hawaii [Member]

Hilo, Hawaii [Member]

Hilo, Hawaii [Member]

Hilo, Hawaii [Member]

Hilo, Hawaii [Member]

Inoe, California [Member]

Inoe, California [Member]

Chico, California [Member]

1401 on Jackson, LLC [Member]

1401 on Jackson, LLC [Member]

Dalton LLC [Member]

1875 [Member]

Oakland, California [Member]

Oakland, California [Member]

Oakland, California [Member]

Additional [Member]

Ownes [Member]

PNL [Member]

acre

Down Payment [Member]

Principal Paydown 1 [Member]

Principal Paydown 2 [Member]

Oakland, California [Member]

Oakland, California [Member]

Down Payment [Member]

Note 5 - Real Estate Held for Sale (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Real Estate Properties

'

'

'

'

'

45

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sales of Real Estate

$409,000

'

'

'

'

'

'

'

'

'

'

'

'

$11,000,000

'

$300,000

$1,650,000

'

'

'

'

'

'

'

'

'

$1,950,000

'

'

'

Proceeds from Sale of Other Real Estate

'

'

'

'

'

'

'

'

'

25,000

5,078,000

1,000,000

'

'

'

100,000

330,000

'

'

'

9,489,000

'

250,000

'

'

'

'

'

73,000

'

Debt Instrument, Interest Rate, Stated Percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

4.50%

'

6.00%

'

'

'

'

'

'

'

'

'

5.00%

5.00%

'

'

'

Monthly Principal and Interest Term

'

'

'

'

'

'

'

'

'

'

'

'

'

'1 year

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gain (Loss) on Sale of Properties

251,887

[1]

1,859,230

[1]

2,712,096

[1]

2,652,542

[1]

'

'

'

'

'

'

'

'

'

207,000

'

13,000

'

'

'

'

2,174,000

'

'

'

'

36,000

'

4,000

30,000

1,863,000

Deferred Gain on Sale of Property

3,635,310

[1]

'

3,635,310

[1]

'

1,327,406

[1]

'

'

'

'

'

'

'

'

2,073,000

'

25,000

'

'

'

'

'

'

'

'

'

246,000

246,000

'

'

'

Proceeds from Collection of Notes Receivable

'

'

13,978,529

[1]

5,585,586

[1]

'

'

'

'

'

'

'

'

1,554,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Mortgage Loan Related to Property Sales

'

'

'

'

'

'

'

'

'

'

'

'

10,000,000

'

'

200,000

1,320,000

'

'

'

'

'

'

'

'

'

1,700,000

'

'

'

Note Receivable Term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'3 years

'

'

'

Note Principal Paydowns Within Allotted Time

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

125,000

'

'

'

'

Time Allottment For Each Paydown

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'30 days

'60 days

'

'

'

'

'

Gains (Losses) on Sales of Other Real Estate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-12,000

'

'

'

'

'

'

'

'

'

'

57,000

'

8,514,000

Payment for Management Fee

'

'

'

'

'

'

'

'

'

'

'

'

'

'

147,000

'

50,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Payment of Management Fees with Real Estate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

97,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Acres (in Acres)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

22.41

'

'

'

'

'

'

'

'

'

'

Noncontrolling Interest, Ownership Percentage by Parent

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

60.00%

'

'

'

'

'

'

'

'

'

'

Real Estate Held-for-sale

5,925,595

[1]

'

5,925,595

[1]

'

56,173,094

[1]

'

93,647

42,458,402

'

'

'

'

'

'

'

'

'

5,078,000

'

'

'

'

'

'

'

'

'

'

'

'

Default Interest at Foreclosure

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,019,000

'

'

'

'

'

'

'

'

'

'

'

Noncontrolling Interest in Joint Ventures

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

($4,000)

$2,001,000

'

'

'

'

'

'

'

'

[1]

As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_5_Real_Estate_Held_for_Sa3

Note 5 - Real Estate Held for Sale (Details) - Real Estate Properties Held for Sale Acquired Through Foreclosure (USD $)	Sep. 30, 2013		Dec. 31, 2012
Note 5 - Real Estate Held for Sale (Details) - Real Estate Properties Held for Sale Acquired Through Foreclosure [Line Items]	'		'
Real Estate Held For Sale	$5,925,595	[1]	$56,173,094	[1]
Residential [Member]	'		'
Note 5 - Real Estate Held for Sale (Details) - Real Estate Properties Held for Sale Acquired Through Foreclosure [Line Items]	'		'
Real Estate Held For Sale	93,647		42,458,402
Improved and Unimproved Land [Member]	'		'
Note 5 - Real Estate Held for Sale (Details) - Real Estate Properties Held for Sale Acquired Through Foreclosure [Line Items]	'		'
Real Estate Held For Sale	3,462,664		7,752,836
Retail Site [Member]	'		'
Note 5 - Real Estate Held for Sale (Details) - Real Estate Properties Held for Sale Acquired Through Foreclosure [Line Items]	'		'
Real Estate Held For Sale	'		5,553,856
Golf Course [Member]	'		'
Note 5 - Real Estate Held for Sale (Details) - Real Estate Properties Held for Sale Acquired Through Foreclosure [Line Items]	'		'
Real Estate Held For Sale	1,961,284		'
Marina [Member]	'		'
Note 5 - Real Estate Held for Sale (Details) - Real Estate Properties Held for Sale Acquired Through Foreclosure [Line Items]	'		'
Real Estate Held For Sale	$408,000		$408,000
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_5_Real_Estate_Held_for_Sa4

Note 5 - Real Estate Held for Sale (Details) - Impairment Losses on Real Estate Held For Sale (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2012
Note 5 - Real Estate Held for Sale (Details) - Impairment Losses on Real Estate Held For Sale [Line Items]	'	'
Impairment Losses	$124,830	$453,070
Manufactured Home Subdivision Development, Lone, California [Member]	'	'
Note 5 - Real Estate Held for Sale (Details) - Impairment Losses on Real Estate Held For Sale [Line Items]	'	'
Impairment Losses	100,830	100,830
Golf Course, Auburn, California (Held Within DarkHorse Golf, LLC) [Member]	'	'
Note 5 - Real Estate Held for Sale (Details) - Impairment Losses on Real Estate Held For Sale [Line Items]	'	'
Impairment Losses	'	328,240
Marina with 30 Boat Slips and 11 RV Spaces, Oakley, California (Held Within The Last Resort and Marina, LLC) [Member]	'	'
Note 5 - Real Estate Held for Sale (Details) - Impairment Losses on Real Estate Held For Sale [Line Items]	'	'
Impairment Losses	$24,000	$24,000

Note_6_Real_Estate_Held_for_In2

Note 6 - Real Estate Held for Investment (Details) (USD $)

1 Months Ended

3 Months Ended

9 Months Ended

1 Months Ended

3 Months Ended

1 Months Ended

9 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

9 Months Ended

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

9 Months Ended

Feb. 28, 2013

Sep. 30, 2013

Jun. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Jun. 30, 2012

Dec. 31, 2011

Oct. 31, 2013

Aug. 31, 2013

Sep. 30, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2011

Sep. 30, 2013

Jun. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Feb. 28, 2013

Jul. 31, 2013

Sep. 30, 2013

Jul. 31, 2013

Feb. 28, 2013

Dec. 31, 2012

Sep. 30, 2013

Jul. 31, 2012

Mar. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2011

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Subsequent Event [Member]

Subsequent Event [Member]

Retail Complex, Greeley, Colorado (Held Within 720 University, LLC) [Member]

Retail Complex, Greeley, Colorado (Held Within 720 University, LLC) [Member]

Unsold [Member]

Renovated [Member]

Held for Investment [Member]

Held for Investment [Member]

Advance for Option to Acquire Note Receivable [Member]

Brannan Island, LLC [Member]

Brannan Island, LLC [Member]

Tahoe Stateline Venture, LLC [Member]

Tahoe Stateline Venture, LLC [Member]

Tahoe Stateline Venture, LLC [Member]

Tahoe Stateline Venture, LLC [Member]

Tahoe Stateline Venture, LLC [Member]

Tahoe Stateline Venture, LLC [Member]

Tahoe Stateline Venture, LLC [Member]

Tahoe Stateline Venture, LLC [Member]

TOTB [Member]

TOTB [Member]

TOTB [Member]

TOTB [Member]

TOTB [Member]

TOTB [Member]

TOTB [Member]

720 [Member]

720 [Member]

720 [Member]

720 [Member]

720 [Member]

Including Advances [Member]

Minimum [Member]

Maximum [Member]

Tahoe Stateline Venture, LLC [Member]

First Phase [Member]

TOTB [Member]

TOTB [Member]

TOTB [Member]

TOTB [Member]

Tahoe Stateline Venture, LLC [Member]

Advances [Member]

Industrial Building Located in Chico, California [Member]

Notes Payable, Other Payables [Member]

sqft

sqft

sqft

Foreclosed On [Member]

Note 6 - Real Estate Held for Investment (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Depreciation

'

$517,000

'

$315,000

$1,867,000

$1,670,000

'

'

'

'

'

'

'

'

'

$150,000

$598,000

'

'

'

'

'

'

'

'

'

'

'

'

$150,000

$0

$748,000

$299,000

'

'

'

'

'

'

'

'

'

'

Sales of Real Estate

'

409,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gains (Losses) on Sales of Investment Real Estate

'

216,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Boat Slips Securing Loan

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

179

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Mortgage Loans on Real Estate, Foreclosures

'

'

'

'

21,263,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,863,000

1,400,000

'

'

'

'

'

1,401,000

'

'

'

'

'

'

26,257,000

'

'

'

'

'

'

23,381,000

'

'

'

1,501,004

[1]

'

'

1,501,004

[1]

'

3,485,061

[1]

'

'

'

'

'

'

'

'

'

'

'

140,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

undefined

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

335,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

[1]

'

'

[1]

952,357

[1]

'

[1]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

952,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Allowance for Loan and Lease Losses, Real Estate

'

5,184,856

[1]

5,604,716

24,941,076

5,184,856

[1]

24,941,076

24,417,897

[1]

24,389,506

24,541,897

'

'

'

'

'

'

'

'

'

'

'

'

'

18,333,000

'

'

'

18,333,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Allowance for Loan and Lease Losses, Adjustments, Net

'

'

-6,476,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Allowance for Loan and Lease Losses, Write-offs

'

'

-11,857,000

'

-11,856,697

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Noncontrolling Interest, Ownership Percentage by Parent

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

80.74%

'

'

'

'

'

'

65.00%

'

65.00%

'

'

'

'

'

Priority Return on Partner Contributions, Allocation Rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

'

10.00%

'

'

'

'

'

Income (Loss) from Continuing Operations Attributable to Parent

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

110,000

148,000

20,000

-216,000

'

'

31,000

120,000

91,000

208,000

'

'

'

'

Depreciation, Depletion and Amortization, Nonproduction

'

539,532

[1]

'

371,937

[1]

1,941,887

[1]

1,846,158

[1]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

108,000

109,000

329,000

331,000

'

'

'

'

Noncontrolling Interest in Joint Ventures

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,990,000

'

5,990,000

'

'

6,055,000

-16,000

'

-16,000

'

-7,000

'

'

'

Real Estate Investment Property, Net

'

126,511,332

[1]

'

'

126,511,332

[1]

'

71,600,255

[1]

'

'

'

'

11,746,000

11,975,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Units in Real Estate Property

'

'

'

'

'

'

'

'

'

'

'

'

'

169

160

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Payments to Acquire Interest in Subsidiaries and Affiliates

'

'

'

'

'

[1]

7,200,000

[1]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,200,000

'

'

'

'

2,583,000

'

'

'

'

'

'

'

'

'

Payments to Noncontrolling Interests

'

'

'

'

4,143,304

[1]

16,187

[1]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

19.26%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred Return, Percent

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Additional Interest Issued to Parent

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,760,000

'

'

'

'

'

'

'

'

'

Mortgage Loans on Real Estate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

24,203,000

'

'

'

24,203,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Real Estate Properties

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

29

20

'

'

29

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Area of Land (in Square Feet)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

502,267

'

'

'

502,267

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate Puchase Agreements

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Payments to Acquire Real Estate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,697,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Noncash Commission and Closing Costs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

81,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Payments for Other Taxes

1,691,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,691,000

2,316,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Excess Funds Remitted to TSV for Parcel Purchase

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

625,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Secured Debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Interest Rate, Stated Percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.00%

'

'

'

5.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repayments of Senior Debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

660,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Liabilities Assumed

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repayments of Notes Payable

'

'

'

'

224,337

[1]

116,676

[1]

'

'

'

200,000

'

'

'

'

'

'

'

'

'

'

'

'

100,000

300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes Payable

'

14,160,565

[1]

'

'

14,160,565

[1]

'

13,384,902

[1]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Area of Real Estate Property (in Square Feet)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

30,507

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Contractual Obligation

'

'

'

'

'

'

'

'

'

'

15,153,566

'

'

'

'

'

'

'

'

'

'

'

16,967,000

'

'

'

16,967,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Development Costs, Cumulative

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$6,365,000

'

'

'

$6,365,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Remaining Lease Term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'1 year

'13 years

[1]

As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_6_Real_Estate_Held_for_In3

Note 6 - Real Estate Held for Investment (Details) - Real Estate Held for Investment Acquired Through Foreclosure By Property Type (USD $)	Sep. 30, 2013		Dec. 31, 2012
Real Estate Properties [Line Items]	'		'
Real Estate Held for Investment	$126,511,332	[1]	$71,600,255	[1]
Improved and Unimproved Land [Member]	'		'
Real Estate Properties [Line Items]	'		'
Real Estate Held for Investment	43,632,440		24,766,280
Residential [Member]	'		'
Real Estate Properties [Line Items]	'		'
Real Estate Held for Investment	47,292,299		14,547,406
Retail Site [Member]	'		'
Real Estate Properties [Line Items]	'		'
Real Estate Held for Investment	15,637,078		11,974,751
Office [Member]	'		'
Real Estate Properties [Line Items]	'		'
Real Estate Held for Investment	9,407,856		9,657,815
Industrial Property [Member]	'		'
Real Estate Properties [Line Items]	'		'
Real Estate Held for Investment	4,568,415		4,656,936
Storage [Member]	'		'
Real Estate Properties [Line Items]	'		'
Real Estate Held for Investment	3,967,754		4,037,575
Marina [Member]	'		'
Real Estate Properties [Line Items]	'		'
Real Estate Held for Investment	2,005,490		'
Golf Course [Member]	'		'
Real Estate Properties [Line Items]	'		'
Real Estate Held for Investment	'		$1,959,492
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_6_Real_Estate_Held_for_In4

Note 6 - Real Estate Held for Investment (Details) - Land and The Major Classes of Depreciable Property for Real Estate Held for Investment (USD $)	Sep. 30, 2013		Dec. 31, 2012
Land and The Major Classes of Depreciable Property for Real Estate Held for Investment [Abstract]	'		'
Land	$70,262,193		$37,381,547
Buildings and improvements	65,326,774		40,736,868
	135,588,967		78,118,415
Less: Accumulated depreciation	-9,077,635	[1]	-6,518,160	[1]
	$126,511,332	[1]	$71,600,255	[1]
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_6_Real_Estate_Held_for_In5

Note 6 - Real Estate Held for Investment (Details) - Impairment Losses on Real Estate Held for Investment (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012
Real Estate Properties [Line Items]	'		'		'		'
Impairment on Real Estate	$0	[1]	$614,786	[1]	$0	[1]	$1,033,266	[1]
75 Improved, Residential Lots, Auburn, California, (Held Within Baldwin Ranch Subdivision, LLC) [Member]	'		'		'		'
Real Estate Properties [Line Items]	'		'		'		'
Impairment on Real Estate	'		31,156		'		31,156
Undeveloped Land, San Jose, California [Member]	'		'		'		'
Real Estate Properties [Line Items]	'		'		'		'
Impairment on Real Estate	'		86,400		'		86,400
Two Improved Residential Lots, West Sacramento, California [Member]	'		'		'		'
Real Estate Properties [Line Items]	'		'		'		'
Impairment on Real Estate	'		'		'		51,840
Undeveloped, Residential Land, Coolidge, Arizona [Member]	'		'		'		'
Real Estate Properties [Line Items]	'		'		'		'
Impairment on Real Estate	'		'		'		38,400
6 Improved Residential Lots, Coeur DbAlene, Idaho [Member]	'		'		'		'
Real Estate Properties [Line Items]	'		'		'		'
Impairment on Real Estate	'		372,400		'		372,400
Gross [Member]	'		'		'		'
Real Estate Properties [Line Items]	'		'		'		'
Impairment on Real Estate	'		$489,956		'		$580,196
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_6_Real_Estate_Held_for_In6

Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	$701,074	[1]	$1,114,328	[1]	$8,562,023	[1]	$242,600	[1]
Anacapa Villas, LLC [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		-4,000		41,000
Dation, LLC [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		7,000		2,000
DarkHorse Golf Club, LLC [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		-166,000		-151,000
Lone Star Golf, LLC [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		-62,000		-79,000
Baldwin Ranch Subdivision, LLC [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		-70,000		-76,000
The Last Resort and Marina, LLC [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		-17,000		-16,000
33rd Street Terrace, LLC [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		5,000		80,000
54th Street Condos, LLC [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		-34,000		-258,000
Wolfe Central, LLC [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		298,000		320,000
AMFU, LLC [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		38,000		-15,000
Phillips Road, LLC [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		73,000		71,000
550 Sandy Lane, LLC [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		2,000		150,000
1401 on Jackson, LLC [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		249,000		27,000
Broadway & Commerce, LLC [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		38,000		68,000
Brannan Island, LLC [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		-49,000		'
Light Industrial Building, Paso Robles, California [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		141,000		137,000
Undeveloped Land, San Jose, California [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		-84,000		-113,000
Office Condominium Complex, Roseville, California [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		137,000		-39,000
Storage Facility, Stockton, California [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		224,000		205,000
Industrial Building, Chico, California [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		1,000		1,678,000
Undeveloped Land, Gypsum, Colorado [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		-205,000		-257,000
Office/Retail Complex, Hilo, Hawaii [Member]	'		'		'		'
Note 6 - Real Estate Held for Investment (Details) - Approximate Net Income (loss) from Partnership Real Estate Properties [Line Items]	'		'		'		'
Net operating income (loss)	'		'		$20,000		'
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_6_Real_Estate_Held_for_In7

Note 6 - Real Estate Held for Investment (Details) - Future Minimum Rental Income (USD $)	Sep. 30, 2013
Future Minimum Rental Income [Abstract]	'
2014	$5,466,227
2015	2,452,081
2016	2,090,444
2017	1,478,306
2018	1,167,203
Thereafter (through 2026)	2,890,051
	$15,544,312

Note_7_Transactions_with_Affil1

Note 7 - Transactions with Affiliates (Details) (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012		Dec. 31, 2012
Note 7 - Transactions with Affiliates (Details) [Line Items]	'		'		'		'		'
Number of Months in a Year	'12 months		'		'12 months		'		'
Management Fee Expense	$373,067	[1]	$405,324	[1]	$1,264,668	[1]	$1,301,201	[1]	'
Professional and Contract Services Expense	34,000		41,000		115,000		123,000		'
Due to Related Parties	271,391	[1]	'		271,391	[1]	'		298,349	[1]
Potential Decrease in Net Income, Percentage	'		'		0.05%		'		'
Potential Increase in Net Income, Percentage	'		'		'		22.70%		'
Late Fee Income Generated by Servicing Financial Assets, Amount	1,000		1,000		3,000		36,000		'
Ancillary Fee Income Generated by Servicing Financial Assets, Amount	'		'		1,000		0		'
Loan Fees Earned by OFG	440,000		'		464,000		24,000		'
Loans and Leases Receivable, Gross	53,618,956		'		53,618,956		'		70,262,262
Related Party Transaction, Amounts of Transaction	191,000		170,000		560,000		500,000		'
Quarter [Member] | Additional [Member] | Extended [Member]	'		'		'		'		'
Note 7 - Transactions with Affiliates (Details) [Line Items]	'		'		'		'		'
Loans and Leases Receivable, Gross	'		800,000		'		800,000		'
OFG Loan [Member]	'		'		'		'		'
Note 7 - Transactions with Affiliates (Details) [Line Items]	'		'		'		'		'
Loans and Leases Receivable, Gross	10,892,000		'		10,892,000		'		12,137,000
Management Fee [Member]	'		'		'		'		'
Note 7 - Transactions with Affiliates (Details) [Line Items]	'		'		'		'		'
Related Party Transaction, Rate	'		'		2.75%		'		'
Servicing Fee [Member]	'		'		'		'		'
Note 7 - Transactions with Affiliates (Details) [Line Items]	'		'		'		'		'
Related Party Transaction, Rate	'		'		0.25%		'		'
Management and Service Fees [Member]	'		'		'		'		'
Note 7 - Transactions with Affiliates (Details) [Line Items]	'		'		'		'		'
Due to Related Parties	271,000		'		271,000		'		298,000
Difference [Member]	'		'		'		'		'
Note 7 - Transactions with Affiliates (Details) [Line Items]	'		'		'		'		'
Management Fee Expense	'		'		4,000		55,000		'
Maximum [Member]	'		'		'		'		'
Note 7 - Transactions with Affiliates (Details) [Line Items]	'		'		'		'		'
Management Fee Expense	'		'		$1,269,000		$1,356,000		'
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_8_Notes_Payable_Details

Note 8 - Notes Payable (Details) (USD $)

3 Months Ended

9 Months Ended

1 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Oct. 31, 2013

Mar. 31, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Feb. 28, 2010

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Subsequent Event [Member]

720 [Member]

720 [Member]

720 [Member]

720 [Member]

720 [Member]

720 [Member]

720 [Member]

Tahoe Stateline Venture, LLC [Member]

Tahoe Stateline Venture, LLC [Member]

Tahoe Stateline Venture, LLC [Member]

Tahoe Stateline Venture, LLC [Member]

Tahoe Stateline Venture, LLC [Member]

Semi-Annual Interest-Only Payments Due December 2016 [Member]

Quarterly Interest-Only Payments Due August 2017 [Member]

Quarterly Interest-Only Payments Due August 2017 [Member]

Note 8 - Notes Payable (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes Payable

$14,160,565

[1]

'

$14,160,565

[1]

'

$13,384,902

[1]

'

'

$9,961,000

'

$9,961,000

'

$10,085,000

'

$3,300,000

$900,000

$4,200,000

$3,300,000

Debt Instrument, Interest Rate, Stated Percentage

'

'

'

'

'

'

'

'

'

'

'

'

5.07%

5.00%

5.00%

'

'

Debt Instrument, Periodic Payment

'

'

'

'

'

'

56,816

'

'

'

'

'

'

'

'

'

'

Interest Expense

129,229

[1]

131,360

[1]

385,064

[1]

392,735

[1]

'

'

'

129,000

131,000

385,000

393,000

'

'

'

'

'

'

Number of Notes Payable

'

'

'

'

'

'

'

'

'

'

'

'

'

2

1

3

'

Number of Parcels

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9

'

Repayments of Notes Payable

'

'

224,337

[1]

116,676

[1]

'

200,000

'

'

'

'

'

'

'

'

'

'

'

Interest Paid

'

'

469,510

[1]

394,671

[1]

'

'

'

'

'

'

'

'

'

'

'

83,000

'

Interest Payable

'

'

'

'

$54,000

'

'

'

'

'

'

'

'

'

'

$54,000

'

[1]

As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_8_Notes_Payable_Details_N

Note 8 - Notes Payable (Details) - Notes Payable - Maturities by Year (USD $)	Sep. 30, 2013		Dec. 31, 2012
Notes Payable - Maturities by Year [Abstract]	'		'
2014	$373,885		'
2015	9,786,680		'
2017	4,000,000		'
	$14,160,565	[1]	$13,384,902	[1]
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_9_Stockholders_Equity_Det

Note 9 - Stockholders' Equity (Details) (USD $)	9 Months Ended							1 Months Ended
	Sep. 30, 2013		Feb. 12, 2013	Jan. 23, 2013	Dec. 31, 2012		Aug. 09, 2012	Nov. 06, 2013	Aug. 09, 2012
								Subsequent Event [Member]	William C. Owens [Member]
Note 9 - Stockholders' Equity (Details) [Line Items]	'		'	'	'		'	'	'
Common Stock, Shares Authorized	50,000,000	[1]	'	50,000,000	50,000,000	[1]	1,000,000	'	1,000
Common Stock, Par or Stated Value Per Share (in Dollars per share)	$0.01	[1]	'	$0.01	$0.01	[1]	$0.01	'	$0.01
Preferred Stock, Shares Authorized	5,000,000	[1]	'	5,000,000	5,000,000	[1]	'	'	'
Preferred Stock, Par or Stated Value Per Share (in Dollars per share)	$0.01	[1]	'	$0.01	$0.01	[1]	'	'	'
Share Price (in Dollars per share)	'		'	'	'		'	'	$1
Common Stock, Value, Issued (in Dollars)	$111,981	[1]	'	'	$111,981	[1]	'	'	$1,000
Number of Partnership Units Converted Per Common Stock Share	'		25	'	'		25	'	'
Units Representing Interest Cancelled Expense	'		'	'	'		1,496,000	'	'
Partnership Units Converted into Common Stock	'		'	'	'		1,378,256	'	'
Stock Repurchase Program, Authorized Amount (in Dollars)	7,000,000		'	'	'		'	'	'
Stock Repurchase Program, Authorized Amount, Percentage of Outstanding Shares	5.00%		'	'	'		'	'	'
Stock Repurchased During Period, Shares (in Shares)	36,860		'	'	'		'	226,895	'
Stock Repurchased During Period, Value (in Dollars)	$460,000		'	'	'		'	$2,840,000	'
Treasury Stock Acquired, Average Cost Per Share (in Dollars per share)	$12.42		'	'	'		'	'	'
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_10_Restricted_Cash_Detail

Note 10 - Restricted Cash (Details) (USD $)	1 Months Ended	9 Months Ended
	Feb. 28, 2013	Sep. 30, 2013		Dec. 31, 2012
Note 10 - Restricted Cash (Details) [Line Items]	'	'		'
Restricted Cash and Cash Equivalents	'	$3,984,474	[1]	$6,264,110	[1]
Escrow Deposit	'	'		2,316,000
Payments for Other Taxes	1,691,000	'		'
Excess Escrow Funds Remitted back to Partnership	'	625,000		'
Contingency Reserves [Member]	'	'		'
Note 10 - Restricted Cash (Details) [Line Items]	'	'		'
Restricted Cash and Cash Equivalents	'	$3,984,000		$3,948,000
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_11_Fair_Value_Details

Note 11 - Fair Value (Details) (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012
Note 11 - Fair Value (Details) [Line Items]	'		'		'		'
Provision for Loan Losses Expensed	($419,860)	[1]	$551,570	[1]	($7,376,344)	[1]	$399,179	[1]
Impairment of Real Estate	0	[1]	614,786	[1]	0	[1]	1,033,266	[1]
Limit of Days Until Becoming Delinquent [Member]	'		'		'		'
Note 11 - Fair Value (Details) [Line Items]	'		'		'		'
Number of Days Delinquent	'		'		'90 days		'
Excluding Loan Loss Reversal Forclosed Loan [Member]	'		'		'		'
Note 11 - Fair Value (Details) [Line Items]	'		'		'		'
Provision for Loan Losses Expensed	($11,000)		$549,000		$0		$871,000
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_11_Fair_Value_Details_Ass

Note 11 - Fair Value (Details) - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (USD $)	Sep. 30, 2013		Dec. 31, 2012
Impaired loans:	'		'
Nonrecurring Impaired Loans	$48,434,100	[1]	$45,844,365	[1]
Commercial [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]	'		'
Impaired loans:	'		'
Nonrecurring Impaired Loans	632,988		632,795
Commercial [Member] | Fair Value, Measurements, Nonrecurring [Member]	'		'
Impaired loans:	'		'
Nonrecurring Impaired Loans	632,988		632,795
Residential [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]	'		'
Impaired loans:	'		'
Nonrecurring Impaired Loans	4,339,200		4,339,200
Residential [Member] | Fair Value, Measurements, Nonrecurring [Member]	'		'
Impaired loans:	'		'
Nonrecurring Impaired Loans	4,339,200		4,339,200
Improved and Unimproved Land [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]	'		'
Impaired loans:	'		'
Nonrecurring Impaired Loans	'		6,184,845
Improved and Unimproved Land [Member] | Fair Value, Measurements, Nonrecurring [Member]	'		'
Impaired loans:	'		'
Nonrecurring Impaired Loans	'		6,184,845
Improved and Unimproved Land [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]	'		'
Real estate properties:	'		'
Real Estate Property	15,307,609		15,365,233
Improved and Unimproved Land [Member] | Fair Value, Measurements, Nonrecurring [Member]	'		'
Real estate properties:	'		'
Real Estate Property	15,307,609		15,365,233
Marina [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]	'		'
Real estate properties:	'		'
Real Estate Property	408,000		408,000
Marina [Member] | Fair Value, Measurements, Nonrecurring [Member]	'		'
Real estate properties:	'		'
Real Estate Property	408,000		408,000
Residential [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]	'		'
Real estate properties:	'		'
Real Estate Property	'		8,517,932
Residential [Member] | Fair Value, Measurements, Nonrecurring [Member]	'		'
Real estate properties:	'		'
Real Estate Property	'		8,517,932
Retail [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]	'		'
Real estate properties:	'		'
Real Estate Property	'		1,662,889
Retail [Member] | Fair Value, Measurements, Nonrecurring [Member]	'		'
Real estate properties:	'		'
Real Estate Property	'		1,662,889
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]	'		'
Impaired loans:	'		'
Nonrecurring Impaired Loans	4,972,188		11,156,840
Real estate properties:	'		'
Real Estate Property	15,715,609		25,954,054
Fair Value, Measurements, Nonrecurring [Member]	'		'
Impaired loans:	'		'
Nonrecurring Impaired Loans	4,972,188		11,156,840
Real estate properties:	'		'
Real Estate Property	$15,715,609		$25,954,054
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_11_Fair_Value_Details_Lev

Note 11 - Fair Value (Details) - Level 3 Fair Value Measurements for Financial Instruments (USD $)

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Commercial [Member]

Commercial [Member]

Residential [Member]

Marina [Member]

Marina [Member]

Marina [Member]

Marina [Member]

Marina [Member]

Improved and Unimproved Land [Member]

Improved and Unimproved Land [Member]

Improved and Unimproved Land [Member]

Improved and Unimproved Land [Member]

Improved and Unimproved Land [Member]

Improved and Unimproved Land [Member]

Improved and Unimproved Land [Member]

Estimate of Future Improvement [Member]

Discount Rate [Member]

Capitalization Rate [Member]

Capitalization Rate [Member]

Comparable Sales Adjustment Range [Member]

Comparable Sales Adjustment Range [Member]

Comparable Sales Adjustment Range [Member]

Estimate of Future Improvements [Member]

Financial Instrument Weighted Average [Member]

Financial Instrument Weighted Average [Member]

Discount Rate [Member]

Comparable Sales Adjustment Range [Member]

Comparable Sales Adjustment Range [Member]

Comparable Sales Adjustment Range [Member]

Estimate of Future Improvements [Member]

Minimum [Member]

Maximum [Member]

Comparable Sales Adjustment Range [Member]

Comparable Sales Adjustment Range [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value (in Dollars)

$48,434,100

[1]

$45,844,365

[1]

$632,988

'

$4,339,200

'

'

'

'

'

'

'

'

'

'

'

'

Range (Weighted Average)

'

'

13.90%

9.50%

6.00%

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value (in Dollars)

'

'

'

'

'

'

$408,000

'

'

'

'

'

'

$15,307,609

'

'

'

Range (Weighted Average)

'

'

'

'

'

8.20%

'

0.00%

1.45%

17.80%

-23.70%

24.80%

25.00%

'

-70.30%

62.70%

26.60%

[1]

As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_11_Fair_Value_Details_Car

Note 11 - Fair Value (Details) - Carrying Amounts and Estimated Fair Values of Financial Instruments (USD $)	Sep. 30, 2013		Dec. 31, 2012		Sep. 30, 2012		Dec. 31, 2011
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'		'		'
Cash and cash equivalents	$24,726,665	[1]	$21,131,505	[1]	$17,326,670	[1]	$12,232,121	[1]
Cash and cash equivalents	24,727,000		21,132,000		'		'
Restricted cash	3,984,474	[1]	6,264,110	[1]	'		'
Loans secured by trust deeds	48,434,100	[1]	45,844,365	[1]	'		'
Loans secured by trust deeds	48,434,000		45,844,000		'		'
Investment in limited liability company	2,180,349	[1]	2,141,777	[1]	'		'
Investment in limited liability company	2,180,000		2,142,000		'		'
Interest and other receivables	1,501,004	[1]	3,485,061	[1]	'		'
Interest and other receivables	1,501,000		3,485,000		'		'
Due to Manager	271,391	[1]	298,349	[1]	'		'
Accrued interest payable	'		54,000		'		'
Accrued interest payable	96,000		56,000		'		'
Note payable	14,160,565	[1]	13,384,902	[1]	'		'
Note payable	14,212,000		13,461,000		'		'
Fair Value, Inputs, Level 1 [Member]	'		'		'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'		'		'
Cash and cash equivalents	24,727,000		21,132,000		'		'
Restricted cash	3,984,000		6,264,000		'		'
Fair Value, Inputs, Level 2 [Member]	'		'		'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'		'		'
Interest and other receivables	248,000		1,890,000		'		'
Due to Manager	271,000		298,000		'		'
Accrued interest payable	96,000		56,000		'		'
Fair Value, Inputs, Level 3 [Member]	'		'		'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'		'		'
Loans secured by trust deeds	48,434,000		45,844,000		'		'
Investment in limited liability company	2,180,000		2,142,000		'		'
Interest and other receivables	1,253,000		1,595,000		'		'
Note payable	14,212,000		13,461,000		'		'
Reported Value Measurement [Member]	'		'		'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'		'		'
Cash and cash equivalents	24,727,000		21,132,000		'		'
Restricted cash	3,984,000		6,264,000		'		'
Loans secured by trust deeds	48,434,000		45,844,000		'		'
Investment in limited liability company	2,180,000		2,142,000		'		'
Interest and other receivables	1,501,000		3,485,000		'		'
Due to Manager	271,000		298,000		'		'
Accrued interest payable	96,000		56,000		'		'
Note payable	$14,161,000		$13,385,000		'		'
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).

Note_12_Commitments_and_Contin1

Note 12 - Commitments and Contingencies (Details) (USD $)	12 Months Ended
	Dec. 31, 2012	Sep. 30, 2013
Note 12 - Commitments and Contingencies (Details) [Line Items]	'	'
Payments for Environmental Liabilities	$460,000	'
Accrual for Environmental Loss Contingencies, Provision for New Losses	100,000	'
Accrual for Environmental Loss Contingencies	70,000	63,000
Renovation [Member] | Vacant Building [Member]	'	'
Note 12 - Commitments and Contingencies (Details) [Line Items]	'	'
Contractual Obligation	'	150,000
Contractual Obligation, Cost Incurred to Date	'	69,000
TOTB [Member]	'	'
Note 12 - Commitments and Contingencies (Details) [Line Items]	'	'
Accrual for Environmental Loss Contingencies	'	52,000
Tahoe Stateline Venture, LLC [Member]	'	'
Note 12 - Commitments and Contingencies (Details) [Line Items]	'	'
Contractual Obligation	'	16,967,000
Other Commitment	'	$3,942,000

Note_13_Subsequent_Events_Deta

Note 13 - Subsequent Events (Details) (USD $)	3 Months Ended				9 Months Ended				1 Months Ended
	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012		Oct. 31, 2013	Nov. 06, 2013	Sep. 30, 2013
									Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
Note 13 - Subsequent Events (Details) [Line Items]	'		'		'		'		'	'	'
Common Stock, Dividends, Per Share, Declared	$0.05	[1]	$0.03	[1]	$0.20	[1]	$0.06	[1]	$0.02	'	$0.02
Stock Repurchased During Period, Shares (in Shares)	'		'		36,860		'		'	226,895	'
Stock Repurchased During Period, Value (in Dollars)	'		'		$460,000		'		'	$2,840,000	'
[1]	As recast to reflect the balances of Owens Mortgage Investment Fund, LP combined with the balances of Owens Realty Mortgage, Inc. beginning January 1, 2012, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 1).