Owens Realty Mortgage (ORM) Inactive 10-Q11 May 152015 Q1 Quarterly reportFinancial data

Company Profile

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
Document And Entity Information	Mar. 31, 2015	11-May-15
Document and Entity Information [Abstract]
Entity Registrant Name	Owens Realty Mortgage, Inc.
Document Type	10-Q
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		10,768,001
Amendment Flag	FALSE
Entity Central Index Key	1556364
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$13,904,244	$1,413,545
Restricted cash	8,723,582	6,248,746
Loans, net of allowance for losses of $2,956,921 in 2015 and $2,869,355 in 2014	53,977,658	65,164,156
Interest and other receivables	1,656,728	1,482,380
Other assets, net of accumulated depreciation and amortization of $1,090,942 in 2015 and $1,065,172 in 2014	1,170,055	1,138,123
Deferred financing costs, net of accumulated amortization of $384,931 in 2015 and $253,675 in 2014	1,186,329	1,317,585
Investment in limited liability company	2,185,642	2,142,581
Real estate held for sale	69,600,765	59,494,339
Real estate held for investment, net of accumulated depreciation of $5,192,002 in 2015 and $6,075,287 in 2014	95,054,901	103,522,466
Total assets	247,459,904	241,923,921
LIABILITIES:
Dividends payable	753,760	1,292,160
Due to Manager	189,103	283,644
Accounts payable and accrued liabilities	4,855,330	2,219,674
Deferred gains on sales of real estate	209,662	362,283
Line of credit payable	13,969,000	11,450,000
Notes and loans payable on real estate	38,052,034	37,569,549
Total liabilities	58,028,889	53,177,310
Commitments and Contingencies (Note 13)
EQUITY:
Preferred stock, $.01 par value per share, 5,000,000 shares authorized, no shares issued and outstanding at March 31, 2015 and December 31, 2014
Common stock, $.01 par value per share, 50,000,000 shares authorized, 11,198,119 shares issued, 10,768,001 shares outstanding at March 31, 2015 and December 31, 2014	111,981	111,981
Additional paid-in capital	182,437,522	182,437,522
Treasury stock, at cost â€“ 430,118 shares at March 31, 2015 and December 31, 2014	-5,349,156	-5,349,156
Retained earnings	7,769,471	7,371,511
Total stockholdersâ€™ equity	184,969,818	184,571,858
Non-controlling interests	4,461,197	4,174,753
Total equity	189,431,015	188,746,611
Total liabilities and equity	$247,459,904	$241,923,921

Consolidated_Balance_Sheets_Un1

Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Loans, allowance for losses (in Dollars)	$2,956,921	$2,869,355
Other assets, accumulated depreciation and amortization (in Dollars)	1,090,942	1,065,172
Deferred financing costs, accumulated amortization (in Dollars)	384,931	253,675
Real estate held for investment, accumulated depreciation (in Dollars)	$5,192,002	$6,075,287
Preferred Stock,par value (in Dollars per share)	$0.01	$0.01
Preferred stock,authorized shares	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in Dollars per share)	$0.01	$0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	11,198,119	11,198,119
Common stock,shares outstanding	10,768,001	10,768,001
Treasury stock, shares	430,118	430,118

Consolidated_Statements_of_Inc

Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended
Consolidated Statements of Income (Unaudited) (USD $)	Mar. 31, 2015	Mar. 31, 2014
Revenues:
Interest income on loans	$2,823,871	$1,136,784
Rental and other income from real estate properties	3,542,899	2,689,975
Income from investment in limited liability company	43,061	41,696
Other income		18
Total revenues	6,409,831	3,868,473
Expenses:
Management fees to Manager	456,389	420,306
Servicing fees to Manager	41,490	38,210
General and administrative expense	378,971	415,743
Rental and other expenses on real estate properties	2,190,412	1,915,115
Depreciation and amortization	602,386	546,097
Interest expense	587,026	127,385
Provision for loan losses	87,566	127,172
Impairment losses on real estate properties	1,109,434	7,540
Total expenses	5,453,674	3,597,568
Operating Income	956,157	270,905
Gain on sales of real estate, net	205,441	277,184
Gain on foreclosure of loan		257,020
Net income	1,161,598	805,109
Less: Net income attributable to non-controlling interests	-9,878	-44,546
Net income attributable to common stockholders	$1,151,720	$760,563
Per common share data:
Basic and diluted earnings per common share (in Dollars per share)	$0.11	$0.07
Basic and diluted weighted average number of common shares outstanding (in Shares)	10,768,001	10,769,498
Dividends declared per share of common stock (in Dollars per share)	$0.07	$0.05

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (Unaudited) (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balances, at Dec. 31, 2013	$111,981	$182,437,522	($5,023,668)	$2,348,575	$179,874,410	$6,351,896	$186,226,306
Balances, (in Shares) at Dec. 31, 2013	11,198,119		-403,910
Net income				760,563	760,563	44,546	805,109
Dividends declared				-537,733	-537,733		-537,733
Purchase of treasury stock			-325,488		-325,488		-325,488
Purchase of treasury stock (in Shares)			-26,208
Contribution from non-controlling interest						4,359	4,359
Distributions to non-controlling interests						-2,618	-2,618
Balances, at Mar. 31, 2014	111,981	182,437,522	-5,349,156	2,571,405	179,771,752	6,398,183	186,169,935
Balances, (in Shares) at Mar. 31, 2014	11,198,119		-430,118
Balances, at Dec. 31, 2014	111,981	182,437,522	-5,349,156	7,371,511	184,571,858	4,174,753	188,746,611
Balances, (in Shares) at Dec. 31, 2014	11,198,119		-430,118
Net income				1,151,720	1,151,720	9,878	1,161,598
Dividends declared				-753,760	-753,760		-753,760
Contribution from non-controlling interest						279,184	279,184
Distributions to non-controlling interests						-2,618	-2,618
Balances, at Mar. 31, 2015	$111,981	$182,437,522	($5,349,156)	$7,769,471	$184,969,818	$4,461,197	$189,431,015
Balances, (in Shares) at Mar. 31, 2015	11,198,119		-430,118

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
Consolidated Statements of Cash Flows (Unaudited) (USD $)	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$1,161,598	$805,109
Gain on sales of real estate, net	-205,441	-277,184
Gain on foreclosures of loans		-257,020
Income from investment in limited liability company	-43,061	-41,696
Provision for loan losses	87,566	127,172
Impairment losses on real estate properties	1,109,434	7,540
Depreciation and amortization	602,386	546,097
Amortization of deferred financing costs	79,419
Accretion of discount on loan	-536,816	-12,200
Changes in operating assets and liabilities:
Interest and other receivables	-174,348	-268,931
Other assets	-52,972	-120,808
Accounts payable and accrued liabilities	46,979	-582,186
Due to Manager	-94,541	-136,180
Net cash provided by (used in) operating activities	1,980,203	-210,287
CASH FLOWS FROM INVESTING ACTIVITIES:
Principal collected on loans	21,873,017	2,506,314
Investment in loans	-10,237,269	-9,049,000
Investment in real estate properties	-1,743,620	-3,501,041
Net proceeds from disposition of real estate properties	1,108,820	1,350
Purchases of vehicles and equipment	-1,507	-3,988
Transfer (to) from restricted cash, net	-2,474,836	108,862
Net cash provided by (used in) investing activities	8,524,605	-9,937,503
CASH FLOWS FROM FINANCING ACTIVITIES:
Advances on notes payable	10,342,938
Repayments on notes payable	-9,860,453	-44,909
Advances on lines of credit	10,989,000	4,100,000
Repayments on lines of credit	-8,470,000
Payment of deferred financing costs		-140,000
Distributions to non-controlling interests	-2,618	-2,618
Contribution from non-controlling interest	279,184	4,359
Purchase of treasury stock		-325,488
Dividends paid	-1,292,160	-179,333
Net cash provided by financing activities	1,985,891	3,412,011
Net increase (decrease) in cash and cash equivalents	12,490,699	-6,735,779
Cash and cash equivalents at beginning of period	1,413,545	8,158,734
Cash and cash equivalents at end of period	13,904,244	1,422,955
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest (excluding amounts capitalized)	487,145	132,734
Cash paid during the period for interest that was capitalized	20,050	7,194
Supplemental Disclosure of Non-Cash Activity
Increase in real estate from loan foreclosures		3,241,220
Decrease in loans, net of allowance for loan losses, from loan foreclosures		-2,959,500
Decrease in interest and other receivables from loan foreclosures		-281,720
Amortization of deferred financing costs capitalized to construction project	-51,837
Change in capital expenditures financed through accounts payable	-2,588,677	-1,123,758
Dividends declared but not paid	($753,760)	($537,733)

Note_1_Organization

Note 1 - Organization	3 Months Ended
Note 1 - Organization	Mar. 31, 2015
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. The Company is authorized to issue 50,000,000 shares of its $0.01 par value common stock. In addition, the Company is 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.

	The Company has elected 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, 2012. As a REIT, the Company is 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 is 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 are subject to full corporate income tax. Furthermore, the Company’s ability to continue 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	3 Months Ended
Note 2 - Summary of Significant Accounting Policies	Mar. 31, 2015
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 ORM for the fiscal year ended December 31, 2014 filed with the Securities and Exchange Commission (“SEC”). The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the operating results to be expected for the full year ending December 31, 2015. The Company evaluates subsequent events up to the date it files its Form 10-Q with the SEC.

	Basis of Presentation

	Principlesof Consolidation

	The consolidated financial statements include the accounts of the Company, 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 are inherently imprecise and actual results could differ significantly from such estimates.

	Recently Issued Accounting Pronouncements

	In April 2015, the FASB issued Accounting Standards Update 2015-03, “Interest - Imputation of Interest (Subtopic 835-30) – Simplifying the Presentation of Debt Issuance Costs,” or ASU 2015-03. ASU 2015-03 simplifies the presentation of debt issuance costs by requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct reduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by this ASU. The amendments in this ASU are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The adoption of this ASU by the Company will change the presentation of debt issuance costs, which will be reported as a direct offset to the applicable debt on the balance sheet.

	In April 2014, the FASB issued Accounting Standards Update 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”. ASU 2014-08 updated guidance that changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. Under the new guidance, a discontinued operation is defined as a disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results. As a result of this new guidance, future dispositions of real estate owned assets may no longer meet the criteria to be considered as discontinued operations. The guidance was effective as of the first quarter of 2015 and did not have a material effect on the Company’s consolidated financial statements.

	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, non-interest bearing deposits required pursuant to the Company’s lines of credit (see Note 7), the deposit required pursuant to the Company’s construction loan payable (see Note 8) and escrow deposits for property taxes and insurance 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, Owens Financial Group, Inc. (“OFG” or “Manager”), will seek to manage credit risk by performing analysis of underlying collateral assets.

	Loans and Allowance for Loan Losses

	Loans are generally stated at the principal amount outstanding. Advances under the terms of a loan to pay property taxes, insurance, legal and other costs are generally capitalized and reported as interest and other receivables. 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. The Company does not incur origination costs and does not earn or collect origination fees from borrowers as OFG is entitled to all such fees (see Note 9).

	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 management’s estimate of probable 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 that are individually evaluated for impairment and general reserves for inherent losses related to loans that are not considered impaired and are collectively evaluated for impairment.

	Regardless of a loan type, a loan is considered impaired when, based on current information and events, management believes 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 considered 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, management 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 considered impaired and are collectively evaluated for impairment 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 that are individually evaluated for impairment and loans that are not considered impaired and are collectively evaluated for impairment, is combined to determine the Company’s overall allowance, which is included on the consolidated balance sheet. The reserve for loans that are not considered 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 EstateLoans* –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.

	LandLoans – These loans generally possess a higher inherent risk of loss than other real estate portfolio segments. Trends in real estate values significantly impact the security of these loans, as property values generally determine the economic viability of development projects. As improved property values decline, the value of unimproved land declines disproportionally more quickly.

	Other Assets

	Other assets primarily include deferred rent, capitalized lease commissions, prepaid expenses, deposits and inventory. Amortization of lease commissions is provided on the straight-line method over the lives of the related leases.

	Deferred Financing Costs

	Issuance and other costs related to the Company’s lines of credit and certain notes payable are capitalized and amortized to interest expense under either the straight-line or effective interest methods over the terms of the respective debt instruments. Deferred financing costs related to the construction loan in TOTB North, LLC are being amortized to the construction project under the straight-line method over the term of construction/renovation.

	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 properties acquired in full or partial settlement of loan obligations, principally through foreclosure, that are being marketed for sale. Real estate held for sale is recorded upon 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 fair value is charged against the allowance for loan losses. Any excess of the net fair value over the recorded investment in the loan is credited first to the allowance for loan losses as a recovery to the extent charge-offs had been recorded previously, and then to earnings as gain on foreclosure of loan.

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 fair 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 fair 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 properties acquired in full or partial settlement of loan obligations, principally through foreclosure, that are not being marketed for sale and are either being operated or leased, are being managed through the development process (including obtaining appropriate and necessary entitlements, permits and/or construction) or are idle properties awaiting more favorable market conditions. Certain of these properties are those that the Company cannot sell without placing our REIT status at risk or become subject to prohibited transactions penalty taxes. Real estate held for investment is recorded upon 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 shorter of their estimated useful lives or the lease terms.

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. Such real estate properties are recorded at the time of reclassification at their carrying amounts prior to reclassification or fair value, whichever is lower. This establishes the initial basis at which the properties are accounted for as held for sale, as described above.

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 13) was recorded based on a third party consultant’s estimate of the costs required to remediate and monitor the contamination.

Earnings per Common Share

The Company calculates basic earnings per share by dividing net income allocable to common stockholders for the period by the weighted-average shares of common stock outstanding for that period. Diluted earnings per share takes into effect any dilutive instruments, except if when doing so such instruments would be anti-dilutive. At the present time, the Company has not issued any restricted stock or restricted stock units.

Income Taxes

The Company has elected to be taxed as a REIT. As a result of the Company’s REIT status 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.

The Company has elected or may elect to treat certain of its existing or newly created corporate subsidiaries as taxable REIT subsidiaries (each a “TRS”). In general, a TRS may hold assets that the REIT cannot hold directly and, subject to certain exceptions related to hotels and healthcare properties, may engage in any real estate or non-real estate related business. A TRS is treated as a regular corporation and is subject to federal, state, local and foreign taxes on its income and property. Lone Star Golf, Inc. is treated as a TRS of the Company.

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.

Certain entities included in the Company’s consolidated financial statements are subject to certain state and local taxes. These taxes are recorded as general and administrative expenses in the accompanying consolidated financial statements.

Note_3_Loans_and_Allowance_for

Note 3 - Loans and Allowance for Loan Losses	3 Months Ended
Note 3 - Loans and Allowance for Loan Losses	Mar. 31, 2015
Disclosure Text Block Supplement [Abstract]
Allowance for Credit Losses [Text Block]	NOTE 3– LOANS AND ALLOWANCE FOR LOAN LOSSES

	The following tables show the changes in the allowance for loan losses by portfolio segment for the three months ended March 31, 2015 and 2014 and the allocation of the allowance for loan losses and loans as of March 31, 2015 and December 31, 2014 by portfolio segment and by impairment methodology:

	2015		Commercial			Residential				Land			Total

	Allowance for loan losses:
			Three Months Ended March 31, 2015
	Beginning balance		$	888,260		$	1,975,112			$	5,983		$	2,869,355
	Provision (Reversal)			23,506			(2,091	)			66,151			87,566
	Ending Balance		$	911,766		$	1,973,021			$	72,134		$	2,956,921

			As of March 31, 2015
	Ending balance: individually evaluated for impairment		$	552,761		$	1,839,345			$	—		$	2,392,106

	Ending balance: collectively evaluated for impairment		$	359,005		$	133,676			$	72,134		$	564,815

	Ending balance		$	911,766		$	1,973,021			$	72,134		$	2,956,921

	Loans:
	Ending balance		$	42,600,361		$	12,791,670			$	1,542,548		$	56,934,579

	Ending balance: individually evaluated for impairment		$	1,078,752		$	7,785,790			$	—		$	8,864,542

	Ending balance: collectively evaluated for impairment		$	41,521,609		$	5,005,880			$	1,542,548		$	48,070,037

	2014		Commercial			Residential				Land			Total

	Allowance for loan losses:
			Three Months Ended March 31, 2014
	Beginning balance		$	932,651		$	3,798,203			$	8,234		$	4,739,088
	(Reversal) Provision			282,373			(159,259	)			4,058			127,172
	Ending Balance		$	1,215,024		$	3,638,944			$	12,292		$	4,866,260

			As of December 31, 2014
	Ending balance: individually evaluated for impairment		$	550,010		$	1,839,345			$	—		$	2,389,355

	Ending balance: collectively evaluated for impairment		$	338,250		$	135,767			$	5,983		$	480,000

	Ending balance		$	888,260		$	1,975,112			$	5,983		$	2,869,355

	Loans:
	Ending balance		$	52,531,537		$	13,491,906			$	2,010,068		$	68,033,511

	Ending balance: individually evaluated for impairment		$	12,666,935		$	7,788,747			$	1,860,068		$	22,315,750

	Ending balance: collectively evaluated for impairment		$	39,864,602		$	5,703,159			$	150,000		$	45,717,761

	The following tables show an aging analysis of the loan portfolio by the time monthly payments are past due as of March 31, 2015 and December 31, 2014:

	31-Mar-15		Loans			Loans				Loans			Total Past			Current			Total Loans
			30-59 Days			60-89 Days				90 or More Days			Due Loans			Loans
			Past Due			Past Due				Past Due

	Commercial		$	—		$	—			$	1,078,752		$	1,078,752		$	41,521,609		$	42,600,361
	Residential			—			—				7,785,790			7,785,790			5,005,880			12,791,670
	Land			—			—				—			—			1,542,548			1,542,548
			$	—		$	—			$	8,864,542		$	8,864,542		$	48,070,037		$	56,934,579

	31-Dec-14		Loans			Loans				Loans			Total Past			Current			Total Loans
			30-59 Days			60-89 Days				90 or More Days			Due Loans			Loans
			Past Due			Past Due				Past Due

	Commercial		$	—		$	—			$	1,078,752		$	1,078,752		$	51,452,785		$	52,531,537
Residential			—			—				7,788,747			7,788,747			5,703,159			13,491,906
Land			—			—				1,860,068			1,860,068			150,000			2,010,068
		$	—		$	—			$	10,727,567		$	10,727,567		$	57,305,944		$	68,033,511

All of the loans that are 90 or more days past due as listed above are on non-accrual status as of March 31, 2015 and December 31, 2014. In addition, two commercial loans totaling $11,588,000 as of December 31, 2014 that were considered impaired were restored to accrual status during the quarter ended March 31, 2014 because the Company had received consistent payments from the borrower over a six month period and management expected that the borrower would continue to keep the loans current with respect to principal and interest payments. These two loans were paid off in full during the quarter ended March 31, 2015.

The following tables show information related to impaired loans as of and for the three months ended March 31, 2015:

		As of March 31, 2015										Three Months Ended March 31, 2015
		Recorded			Unpaid				Related			Average			Interest
		Investment			Principal				Allowance			Recorded			Income
					Balance							Investment			Recognized
With no related allowance recorded:
Commercial		$	—		$	—			$	—		$	7,737,656		$	601,660
Residential			250,790			250,790				—			251,780			5,493
Land			—			—				—			1,240,045			216,904

With an allowance recorded:
Commercial			1,079,699			1,078,752				552,761			1,079,699			13,484
Residential			7,983,345			7,535,000				1,839,345			7,983,345			63,000
Land			—			—				—			—			—

Total:
Commercial		$	1,079,699		$	1,078,752			$	552,761		$	8,817,355		$	615,144
Residential		$	8,234,135		$	7,785,790			$	1,839,345		$	8,235,125		$	68,493
Land		$	—		$	—			$	—		$	1,240,045		$	216,904

The following tables show information related to impaired loans as of December 31, 2014 and for the three months ended March 31, 2014:

		As of December 31, 2014										Three Months Ended March 31, 2014
		Recorded			Unpaid				Related			Average			Interest
		Investment			Principal				Allowance			Recorded			Income
					Balance							Investment			Recognized
With no related allowance recorded:
Commercial		$	11,588,183		$	11,588,183			$	—		$	16,217,747		$	498,505
Residential			253,747			253,747				—			2,503,678			45,000
Land			1,860,068			1,860,068				—			4,023,444			54,320

With an allowance recorded:
Commercial			1,079,699			1,078,752				550,010			1,783,636			14,482
Residential			7,983,345			7,535,000				1,839,345			7,983,430			39,000
Land			—			—				—			—			—

Total:
Commercial		$	12,667,882		$	12,666,935			$	550,010		$	18,001,383		$	512,987
Residential		$	8,267,092		$	7,788,747			$	1,839,345		$	10,487,108		$	84,000
Land		$	1,860,068		$	1,860,068			$	—		$	4,023,444		$	54,320

The recorded investment balances presented in the above tables include amounts advanced in addition to principal on impaired loans (such as property taxes, insurance and legal charges) that are reimbursable by borrowers and are included in interest and other receivables in the accompanying consolidated balance sheets. 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 $2,392,000 and $2,389,000 of specific reserves on loans totaling approximately $9,314,000 and $20,265,000 (recorded investments before reserves) to borrowers whose loan terms had been modified in troubled debt restructurings as of March 31, 2015 and December 31, 2014, respectively. The Company has not committed to lend additional amounts to any of these borrowers.

No loans were modified as troubled debt restructurings during the quarters ended March 31, 2015 and 2014.

Note_4_Investment_in_Limited_L

Note 4 - Investment in Limited Liability Company	3 Months Ended
Note 4 - Investment in Limited Liability Company	Mar. 31, 2015
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 13 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 March 31, 2015 and 2014. The net income to the Company from its investment in 1850 De La Cruz was approximately $43,000 and $42,000 during the three months ended March 31, 2015 and 2014, respectively.

Note_5_Real_Estate_Held_for_Sa

Note 5 - Real Estate Held for Sale	3 Months Ended
Note 5 - Real Estate Held for Sale	Mar. 31, 2015
Disclosure Text Block [Abstract]
Real Estate Owned [Text Block]	NOTE 5 - REAL ESTATE HELD FOR SALE

	Real estate properties held for sale as of March 31, 2015 and December 31, 2014 consists of properties acquired through foreclosure classified by property type as follows:

		March 31,		December 31,
		2015		2014
	Land (including land under development)	$	37,562,043	$	36,263,330
	Retail		15,439,021		16,494,440
	Residential		6,852,989		—
	Office		4,716,159		4,716,159
	Industrial		3,005,470		—
	Golf course		2,025,083		2,020,410
		$	69,600,765	$	59,494,339

	During the three months ended March 31, 2015, the Company transferred three properties (one land, one residential and one industrial) 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 three months ended March 31, 2015, the Company recorded an impairment loss of approximately $1,109,000 on the unimproved residential and commercial land located in Gypsum, Colorado due to a decrease in the listing price of the property and a reduction in the fair market value estimated by management.

	During the three months ended March 31, 2015, the Company sold one retail property for net sales proceeds of approximately $1,109,000, resulting in a gain on sale of real estate of approximately $53,000. In addition, the Company recognized gain of approximately $152,000 during the three months ended March 31, 2015 that had previously been deferred related to the sale of a real estate property in 2012. The gain on the sale of this property was being accounted for under the installment method.

	There were no sales during the three months ended March 31, 2014; however, a gain of approximately $277,000 was recognized during the three months ended March 31, 2014 that had previously been deferred related to the sale of a real estate property in 2012. The gain on the sale of that property was being recognized under the installment method.

Note_6_Real_Estate_Held_for_In

Note 6 - Real Estate Held for Investment	3 Months Ended
Note 6 - Real Estate Held for Investment	Mar. 31, 2015
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 March 31, 2015 and December 31, 2014 consists of properties acquired through foreclosure classified by property type as follows:

		March 31,			December 31,
		2015			2014
	Land	$	8,839,255		$	10,797,656
	Residential		44,460,963			48,154,258
	Retail		23,286,401			23,211,896
	Assisted care		4,999,210			5,005,000
	Office		4,375,862			4,416,108
	Industrial		1,446,605			4,486,797
	Storage		3,823,911			3,847,884
	Marina		3,822,694			3,602,867
		$	95,054,901		$	103,522,466

	The balances of land and the major classes of depreciable property for real estate held for investment as of March 31, 2015 and December 31, 2014 are as follows:

		March 31,			December 31,
		2015			2014
	Land and land improvements	$	34,347,537		$	39,003,422
	Buildings and improvements		65,899,366			70,594,331
			100,246,903			109,597,753
	Less: Accumulated depreciation		(5,192,002	)		(6,075,287	)
		$	95,054,901		$	103,522,466

	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 $580,000 and $519,000 for the three months ended March 31, 2015 and 2014, respectively.

	2014 Foreclosure Activity

	During the quarter ended March 31, 2014, Sandmound Marina, LLC (“Sandmound”) (wholly owned by the Company) foreclosed on a first mortgage loan secured by unimproved land and a marina and campground located in Bethel Island, California with a principal balance of approximately $2,960,000 and obtained the properties via the trustee’s sale. In addition, advances made on the loan or incurred as part of the foreclosure (such as legal fees and delinquent property taxes) in the total amount of approximately $282,000 were capitalized to the basis of the properties. The fair market values of the properties acquired were estimated to be higher than Sandmound’s recorded investment in the subject loan, and, thus, a gain on foreclosure in the amount of approximately $257,000 was recorded. The properties have been classified as held for investment as sales are not expected within one year.

	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 twelve 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 March 31, 2015 and thereafter is as follows:

	Twelve months ending March 31:
	2016	$	6,890,670
	2017		3,753,707
	2018		3,098,675
	2019		2,648,921
	2020		1,686,500
	Thereafter (through 2026)		3,325,297
		$	21,403,770

Note_7_Lines_of_Credit_Payable

Note 7 - Lines of Credit Payable	3 Months Ended
Note 7 - Lines of Credit Payable	Mar. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 7 – LINES OF CREDIT PAYABLE

	The Company borrows funds under the revolving California Bank & Trust (“CB&T”) line of credit and the revolving Opus Bank (“Opus”) line of credit (collectively, the “Funding Agreements”). As of March 31, 2015 and December 31, 2014, the outstanding balances and total commitments under the Funding Agreements consisted of the following:

		As of March 31, 2015				As of December 31, 2014

		Outstanding		Total		Outstanding		Total
		Balance		Commitment		Balance		Commitment

	CB&T Line of Credit	$	13,969,000	$	13,969,000	$	11,450,000	$	17,355,000
	Opus Bank Line of Credit		—		12,626,000		—		16,721,000
	Total	$	13,969,000	$	26,595,000	$	11,450,000	$	34,076,000

	The Funding Agreements are generally collateralized by assignments of specific loans or real estate properties owned by the Company.

	CB&T Line of Credit

	In February 2014, the Company entered into a Credit Agreement and Advance Formula Agreement and related agreements with CB&T as the lender (the “CB&T Credit Facility”). The maximum borrowings available (total commitment) is the lesser of $20,000,000 or the amount determined pursuant to a borrowing base calculation described in the Advance Formula Agreement. On April 21, 2015, the Company signed an amendment and restatement of the CB&T Credit Facility to increase the maximum potential borrowings from $20,000,000 to $30,000,000 and to add First Bank as an additional lender (see Note 14 for a further discussion of this amendment).

	Borrowings mature on February 5, 2016. Such borrowings bear interest payable monthly at the prime rate of interest established by CB&T from time-to-time plus one quarter percent (.25%) per annum (3.5% at March 31, 2015). Upon a default such interest rate increases by 2.00%. The CB&T Credit Facility required the payment of an origination fee of $100,000 and other issuance costs totaling $177,000 that were capitalized to deferred financing costs and are being amortized to interest expense using the straight-line method through the maturity date of the CB&T Credit Facility. The Company is also subject to certain ongoing administrative fees and expenses. Interest expense on the CB&T Credit Facility was approximately $161,000 and $2,000 during the three months ended March 31, 2015 and 2014, respectively (including $23,000 and $0, respectively, in amortization of deferred financing costs).

	Borrowings are secured by certain assets of the Company. These collateral assets will include the grant to CB&T of first-priority deeds of trust on certain real property assets and trust deeds of the Company to be identified by the parties from time-to-time and all personal property of the Company, which collateral includes the assets described in the Security Agreement and in other customary collateral agreements that will be entered into by the parties from time-to-time. As of March 31, 2015, the carrying amount and classification of loans and real estate properties securing the CB&T Credit Facility were as follows:

		March 31,
		2015
	Loans:
	Commercial	$	3,983,703
	Real Estate:
	Residential		6,852,989
	Storage		3,823,911
	Industrial		3,005,470
	Total	$	13,682,370

	The CB&T Credit Facility agreements contain financial covenants which are customary for a loan of this type. Management is not aware of any breach of these covenants as of March 31, 2015.

	On April 1, 2015, the Company used the proceeds from two loans that were paid off on March 31, 2015 to pay down the CB&T line of credit by $12,125,000. This line of credit repayment was required since the loans that paid off were collateral securing the CB&T Credit Facility.

	Opus Bank Line of Credit

	In April 2014, the Company entered into a Secured Revolving Credit Loan Agreement (the “Opus Credit Agreement”) and related agreements with Opus as the lender (the “Opus Credit Facility”). The maximum borrowings available (total commitment) under the facility is the lesser of $20,000,000 or the Maximum Allowed Advance amount determined pursuant to a borrowing base calculation described in the Opus Credit Agreement.

	Advances under the Opus Credit Facility may be made by Opus until April 1, 2016. All borrowings under the Opus Credit Facility bear interest payable monthly as follows: (i) commencing October 1, 2014, and on each successive six month anniversary during the term (the “Rate Change Date”), the rate of interest will be reset to the Six Month LIBOR rate of interest (0.40% at March 31, 2015) as reported on such Rate Change Date plus four percent (4.0%) per annum but in no event will the interest rate be lower than 4.5% per annum. The interest rate as of March 31, 2015 was 4.5%. Upon a default under the Opus Credit Facility such interest rate increases by an additional 5.00%. Commencing on May 1, 2016, in addition to the required interest payments, the Company is also required to make mandatory monthly principal payments and all amounts under the Opus Credit Facility are to be repaid not later than April 1, 2017.

	The Opus Credit Facility required the payment of an origination fee of $100,000 and other issuance costs totaling $231,000 that were capitalized as deferred financing costs and are being amortized to interest expense using the straight-line method through the maturity date of the Opus Credit Facility. The Company is also subject to certain ongoing administrative fees and expenses. Interest expense on the Opus Credit Facility was approximately $19,000 and $0 during the three months ended March 31, 2015 and 2014, respectively (including $19,000 and $0, respectively, in amortization of deferred financing costs).

	Borrowings under the Opus Credit Facility will be secured by certain of the Company's assets. These collateral assets will include the following types of assets to be identified by the parties and described in Borrowing Base Collateral Certificates to be entered into by the parties from time-to-time: (i) the grant to Opus of first-priority deeds of trust on certain of the Company's real property assets that meet related eligibility requirements set forth in the Opus Credit Agreement (as further defined in the Opus Credit Agreement, the “REO Collateral”); and (ii) the grant to Opus of a collateral interest in mortgage loan promissory notes issued by the Company in the ordinary course of business that meet related eligibility requirements set forth in the Opus Credit Agreement (as further defined in the Opus Credit Agreement, the “Note Collateral”). As of March 31, 2015, the carrying amount and classification of loans and real estate properties securing the Opus Credit Facility were as follows:

		March 31,
		2015
	Loans:
	Commercial	$	7,962,810
	Real Estate:
	Office		9,092,020
	Industrial		1,446,605
	Total	$	10,538,625

	The Opus Credit Facility contains financial covenants which are customary for loans of this type. Management is not aware of any breach of these covenants as of March 31, 2015.

Note_8_Notes_and_Loans_Payable

Note 8 - Notes and Loans Payable on Real Estate

3 Months Ended

Mar. 31, 2015

Disclosure Text Block [Abstract]

Mortgage Notes Payable Disclosure [Text Block]

NOTE 8 - NOTES AND LOANS PAYABLE ON REAL ESTATE

The Company had the following notes and loans payable outstanding as of March 31, 2015 and December 31, 2014:

March 31,

December 31,

Interest

Payment

Maturity Date

2015

2014

Rate

Terms/Frequency

720 University, LLC Note Payable

9,771,263

9,741,463

6.00%

Interest Only

May-15

Monthly

Tahoe Stateline Venture, LLC Note #1

2,900,000

5.00%

Interest Only

Dec-16

Semi-annual

Tahoe Stateline Venture, LLC Note #3

500,000

5.00%

Interest Only

Aug-17

Quarterly

TOTB North, LLC Construction Loan Payable

1,579,593

1,007,919

4.50%

Amortizing

Jun-17

Monthly

TOTB Miami, LLC Loan Payable

12,900,079

12,975,167

4.27%

Amortizing

Nov-17

Monthly

Tahoe Stateline Venture, LLC Loan Payable

10,401,099

10,445,000

3.47%

Amortizing

Jan-21

Monthly

38,052,034

37,569,549

The following table shows maturities by year on these notes and loans payable as of March 31, 2015:

Twelve months ending March 31:

2016

10,339,715

2017

3,492,680

2018

14,653,696

2019

298,242

2020

308,757

Thereafter

8,958,944

38,052,034

720 University, LLC Note Payable

The Company had a note payable with a bank through its investment in 720 University, LLC (“720 University), which was secured by the retail development located in Greeley, Colorado. In November 2014, 720 University entered into an agreement to sell the property that secures this note payable, and the buyer extended a new loan to 720 University to repay the existing note payable. The refinancing closed in January 2015. The principal amount of the new loan is $9,771,263 and accrues interest at 6.0% per annum until paid off with the closing of the sale of the property to the buyer which is expected to occur on or about May 28, 2015. 720 University incurred interest expense of approximately $142,000 and $125,000 during the three months ended March 31, 2015 and 2014, respectively.

Tahoe Stateline Venture, LLC Notes Payable

The Company obtained these obligations as a result of the foreclosure or purchase of nine parcels by TSV in 2013 and 2012. The Company paid approximately $6,000 and $7,000 of interest on the notes during the three months ended March 31, 2015 and 2014, respectively. As of March 31, 2015 and December 31, 2014, there was approximately $55,000 and $19,000, respectively, in accrued but unpaid interest on these notes. The interest incurred has been capitalized to the basis of the land under development.

TOTB North, LLC Construction Loan Payable

In June 2014, TOTB North, LLC (“TOTB North”) entered into a Construction Loan Agreement (the “Loan Agreement”) and related documents with Bank of the Ozarks (“Ozarks”) as the lender providing TOTB North with a loan (the “North Loan”) of up to $21,304,000 to renovate and improve the vacant and unimproved “North” apartment building held in TOTB North (the “Project”). The North Loan is secured by a first mortgage lien on the North building and all improvements and certain other assets, and is cross-defaulted and cross-collateralized with the TOTB Miami, LLC Loan Payable described below.

The initial maturity date (the “Maturity Date”) of the North Loan is June 12, 2017, which may be extended at the option of TOTB North for two additional one year periods, subject to certain conditions. The balance of the loan was approximately $1,580,000 and $1,008,000 as of March 31, 2015 and December 31, 2014, respectively.

All outstanding borrowings under the North Loan bear interest equal to the floating daily Three Month LIBOR rate of interest plus four percent (4.0%) per annum (the “Note Rate”), but the Note Rate will not be lower than four and one-half percent (4.5%) per annum. The Note Rate as of March 31, 2015 was 4.5% per annum. Upon a default under the North Loan documents the Note Rate increases by an additional eight percent (8.00%) per annum. Interest only payments are payable monthly until the “Amortization Commencement Date” which is the earlier to occur of (i) December 12, 2015 or (ii) the first monthly interest payment date occurring after the Project is completed and the North property achieves a DSCR of greater than 1.25:1. Commencing on the Amortization Commencement Date, monthly principal payments are also required with principal amortizing over 300 months and the balance of the North Loan is due on the Maturity Date.

TOTB North made a required deposit with Ozarks of $1.0 million (the “Bridge Equity”) in 2014 using a capital contribution by TOTB (excess funds held and capital contributions of $453,000 from the Company and $108,000 from OFG). The Bridge Equity was provided to fund project costs pending satisfaction of additional post-closing conditions under the loan documents, and Ozarks reimbursed the Bridge Equity as part of the loan in February 2015. All post-closing conditions were met in February 2015, and TOTB North was given access to the remaining balance of the North Loan once the Company and OFG contributed an additional $1,170,000 and $279,000, respectively, during the quarter ended March 31, 2015 due to increased construction costs for the Project.

During 2014, TOTB North paid customary closing fees, disbursements and expenses, including an origination fee to Ozarks, which totaled $622,000. The majority of these costs were paid out of proceeds from the North Loan and capitalized to deferred financing costs and are being amortized to the Project using the straight-line method through the Maturity Date. During the three months ended March 31, 2015, approximately $52,000 of deferred financing costs was amortized to the Project. During the three months ended March 31, 2015, approximately $14,000 of interest was incurred which was capitalized to the Project.

The North Loan documents contain financial covenants of TOTB North and the Guarantors which are customary for loans of this type. Management is not aware of any breach of these covenants as of March 31, 2015.

TOTB Miami, LLC Loan Payable

In November 2014, TOTB Miami, LLC (“TOTB”) entered into another loan agreement (the “TOTB Loan Agreement”) and related documents with Ozarks providing TOTB a loan (the “TOTB Miami Loan”) of $13,000,000 secured by a first mortgage lien on the 154 leased condominium units owned in the Pointe building and the related parcel and all improvements as well as certain other assets. As a condition of providing the TOTB Miami Loan, Ozarks required that the TOTB Miami Loan and the North Loan be cross-collateralized and cross-defaulted, that excess proceeds from any sale of the North property be used to reduce or pay off the TOTB Miami Loan and that excess proceeds from any sale of the TOTB property be used to pay off the North Loan.

The net cash proceeds from the TOTB Miami Loan were distributed to the members of TOTB in 2014. The initial maturity date (the “Maturity Date”) of the TOTB Miami Loan is November 16, 2017, and the Maturity Date may be extended at the option of TOTB for two additional one year periods if a number of conditions are met.

All outstanding borrowings under the TOTB Miami Loan will bear interest equal to the floating daily Three Month LIBOR rate of interest plus four percent (4.0%) per annum (the “Note Rate”), but in no event will the Note Rate be lower than four and one-quarter percent (4.25%) per annum. The Note Rate as of March 31, 2015 was 4.27% per annum. Upon a default under the TOTB Miami Loan documents, including any cross-default, the Note Rate increases by an additional eight percent (8.00%) per annum. Principal and interest is payable monthly with principal amortizing over 300 months, and the balance of the loan is due on the Maturity Date.

TOTB was obligated to pay customary closing fees, disbursements and expenses, including an origination fee to the Lender, which totaled approximately $323,000. The majority of these costs were paid out of proceeds from the loan and capitalized to deferred financing costs and are being amortized to interest expense using the effective interest method through the Maturity Date. During the three months ended March 31, 2015, approximately $166,000 of interest expense was incurred (including approximately $28,000 of deferred financing costs amortized to interest expense).

The TOTB Miami Loan documents contain financial covenants of TOTB and the Guarantors which are customary for loans of this type. Management is not aware of any breach of these covenants as of March 31, 2015.

Tahoe Stateline Venture, LLC Loan Payable

In December 2014, Tahoe Stateline Ventures, LLC (“TSV”) entered into a Credit Agreement (the “Credit Agreement”) and related documents with RaboBank, N.A. as the lender (“Lender”) providing TSV with a loan (the “TSV Loan”) of up to $14,500,000. TSV borrowed $10,445,000 at the first closing under the TSV Loan and up to an additional $4,055,000 (the “Undisbursed Portion”) will be made available to TSV in one or more future advances provided that no event of default has occurred under the TSV loan documents and that such additional advances do not result in a pro forma Debt Service Coverage ratio (as defined in the agreements) of less than 1.25:1.00.

The maturity date of the TSV Loan is January 1, 2021 (the “Maturity Date”). All outstanding borrowings under the TSV Loan documents bear interest initially at a rate of 3.47% per annum (the “Long Term Adjustable Rate”), provided that on January 1, 2018 the Long Term Adjustable Rate will be reset to Lender’s then current market rate for three year fixed rate loans from comparable commercial real estate secured transactions, as determined by Lender in its sole discretion. Upon a default under the TSV Loan documents, the interest rate on the outstanding principal balance increases by an additional five percent (5.00%) per annum and the rate on any other outstanding obligations thereunder increases to ten percent (10.00%) per annum. Prepayments under the TSV Loan documents are subject to certain prepayment fees; provided that during the 90 day period immediately prior to January 1, 2018, and the 90 day period immediately prior to the Maturity Date, TSV may prepay the entire unpaid balance of the Loan in full, without any Prepayment Fee or penalty.

During the term of the TSV Loan, TSV will make equal combined payments of principal and accrued interest on the first day of each month in an amount calculated to fully amortize the original principal amount over a period of 300 months, subject to certain adjustments and the balance of the TSV Loan is due on the Maturity Date.

The Credit Agreement required the payment of a closing fee of $108,750 and certain administrative fees totaling approximately $218,000.The majority of these costs were paid out of proceeds from the loan and capitalized to deferred financing costs and are being amortized to interest expense using the effective interest method through the Maturity Date. During the three months ended March 31, 2015, approximately $99,000 of interest expense was incurred (including approximately $9,000 of deferred financing costs amortized to interest expense).

The TSV Loan documents contain financial covenants which are customary for loans of this type. Management is not aware of any breach of these covenants as of March 31, 2015.

Note_9_Transactions_with_Affil

Note 9 - Transactions with Affiliates	3 Months Ended
Note 9 - Transactions with Affiliates	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 9 - TRANSACTIONS WITH AFFILIATES

	In consideration of the management services rendered to the Company, OFG 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 $456,000 and $420,000 for the three months ended March 31, 2015 and 2014, respectively and are included in the accompanying consolidated statements of operations. Servicing fees amounted to approximately $41,000 and $38,000 for the three months ended March 31, 2015 and 2014, respectively, and are included in the accompanying consolidated statements of operations. As of March 31, 2015 and December 31, 2014, the Company owed management and servicing fees to OFG in the amount of approximately $142,000 and $171,000, respectively.

	The maximum management and servicing fees were paid to OFG during the three months ended March 31, 2015 and 2014.

	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 three months ended March 31, 2015 and the year ended December 31, 2014, OFG elected to take 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 charter, 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 $17,000 and $1,000 for the three months ended March 31, 2015 and 2014, 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 $2,000 and $1,000 during the three months ended March 31, 2015 and 2014, respectively.

	OFG originates all loans the Company invests in and receives loan origination and extension fees from borrowers. During the three months ended March 31, 2015 and 2014, OFG earned approximately $244,000 and $209,000, respectively, in loan fees on loans originated of $10,438,000 and $9,049,000, respectively.

	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 $131,000 and $157,000 during the three months ended March 31, 2015 and 2014, respectively, and approximately $47,000 and $113,000 were payable to OFG at March 31, 2015 and December 31, 2014, respectively. The Company also reimbursed certain of OFG’s officers for allowed expenses in the total amount of $1,000 and $1,000 during the three months ended March 31, 2015 and 2014, respectively.

	The Company paid Investor’s Yield, Inc. (a wholly owned subsidiary of OFG) approximately $7,000 and $30,000 in fees primarily related to certain foreclosure proceedings on Company loans during the three months ended March 31, 2015 and 2014, respectively.

	During the three months ended March 31, 2015, the Company purchased OFG’s full interest in a loan secured by an industrial property located in San Ramon, California with a principal balance of $1,499,000 at face value.

Note_10_Stockholders_Equity

Note 10 - Stockholders' Equity	3 Months Ended
Note 10 - Stockholders' Equity	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 10 – STOCKHOLDERS’ EQUITY

	On August 9, 2013, the Board of Directors authorized a Rule 10b5-1 stock repurchase plan (the “Repurchase Plan”) which permitted the Company to purchase 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. During the three months ended March 31, 2014, the Company repurchased 26,208 shares of its common stock for a total cost of approximately $325,000 (including commissions) and an average cost of $12.42 per share. The Repurchase Plan expired on May 19, 2014, and as of that date, the Company had repurchased 430,118 shares of its common stock, for a total cost of approximately $5,349,000 (including commissions) and an average cost of $12.44 per share. No further repurchases have been made by the Company.

Note_11_Restricted_Cash

Note 11 - Restricted Cash	3 Months Ended
Note 11 - Restricted Cash	Mar. 31, 2015
Loss Contingency [Abstract]
Contingencies Disclosure [Text Block]	NOTE 11 – 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 charter. 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 March 31, 2015 and December 31, 2014 were approximately $3,892,000 and $3,876,000, respectively, and are reported as restricted cash in the accompanying consolidated balance sheets. The $7,000,000 required to be held in non-interest bearing accounts as of March 31, 2015 pursuant to the Company’s two lines of credit agreements satisfy this contingency reserve requirement (see Note 7).

	Escrow Deposits

	Restricted cash includes deposits held in third party escrow accounts to pay property taxes and insurance on Company real estate in the amounts of approximately $195,000 and $249,000 as of March 31, 2015 and December 31, 2014, respectively.

	Construction Loan Equity Deposit

	Restricted cash includes an equity deposit held by Ozarks to fund additional Project costs incurred prior to allowing further advances on the construction loan in the amount of approximately $1,529,000 as of March 31, 2015 (see Note 8).

Note_12_Fair_Value

Note 12 - Fair Value	3 Months Ended
Note 12 - Fair Value	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	NOTE 12 – 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. Management’s 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 nonrecurring basis. There were no assets or liabilities measured at fair value on a recurring 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 a specific 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 March 31, 2015 and December 31, 2014, 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. Because appraisals used by management generally include significant unobservable inputs and market data, 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 loan losses. Subsequently, real estate held for sale 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. The fair value of real estate held for sale and investment is estimated using appraisals in a manner similar to that of collateral dependent impaired loans described above which generally results in a Level 2 or Level 3 classification in the fair value hierarchy.

	The following table presents information about the Company’s assets and liabilities measured at fair value on a nonrecurring basis as of March 31, 2015 and December 31, 2014:

			Fair Value Measurements Using
			Fair Value				Quoted Prices In Active Markets for Identical Assets				Significant Other Observable Inputs				Significant Unobservable Inputs
			Fair Value				(Level 1)				(Level 2)				(Level 3)
	31-Mar-15
	Nonrecurring:
	Impaired loans:
	Commercial		$	526,938			$	—			$	—			$	526,938
	Residential			6,144,000				—				—				6,144,000
	Total		$	6,670,938			$	—			$	—			$	6,670,938

	Real estate properties:
	Land		$	4,704,000			$	—			$	—			$	4,704,000
	Total		$	4,704,000			$	—			$	—			$	4,704,000

	31-Dec-14
	Nonrecurring:
	Impaired loans:
	Commercial		$	529,689			$	—			$	—			$	529,689
	Residential			6,144,000				—				—				6,144,000
	Total		$	6,673,689			$	—			$	—			$	6,673,689

	Real estate properties:
	Commercial		$	1,292,500			$	—			$	—			$	1,292,500
	Land			2,334,773				—				—				2,334,773
	Total		$	3,627,273			$	—			$	—			$	3,627,273

	The provision for loan losses based on the fair value of loan collateral less estimated selling costs for the impaired loans above totaled approximately $3,000 and $73,000 during the three months ended March 31, 2015 and 2014, respectively. Impairment losses of approximately $1,109,000 and $8,000 were recorded on real estate properties during the three months ended March 31, 2015 and 2014, respectively.

	There were no liabilities measured at fair value on a non-recurring basis at March 31, 2015 and December 31, 2014.

	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 March 31, 2015 and December 31, 2014:

	At March 31, 2015:

Description		Fair Value			Valuation		Significant		Input/Range				Weighted
Description		Fair Value			Technique		Unobservable Inputs		Input/Range				Average

Impaired Loans:
Commercial		$	526,938		Appraisal		Estimated Cost of Improvements			13.60%				N/A
							Capitalization Rate			6.50%				N/A
							Comparable Sales Adjustment			(59)% to (2.3)%				N/A
Residential		$	6,144,000		Appraisal		Estimated Cost of Improvements			1.80%				N/A
							Discount Rate			12%				N/A
							Comparable Sales Adjustment			(10)% to 20%				N/A
Real Estate Properties:
Land		$	4,704,000		Appraisal		Comparable Sales Adjustment			-19%				N/A

At December 31, 2014:

Description		Fair Value			Valuation		Significant		Input/Range				Weighted
Description		Fair Value			Technique		Unobservable Inputs		Input/Range				Average

Impaired Loans:
Commercial		$	529,689		Appraisal		Estimate Cost of Improvements			13.60%				N/A
							Capitalization Rate			6.50%				N/A
							Comparable Sales Adjustment			(59)% to (2.3)%				N/A
Residential		$	6,144,000		Appraisal		Estimate Cost of Improvements			1.80%				N/A
							Discount Rate			12%				N/A
							Comparable Sales Adjustment			(10)% to 20%				N/A
Real Estate Properties:
Commercial		$	1,292,500		Appraisal		Comparable Purchase Offers			(42)% to 13.4%				N/A
Land		$	2,334,773		Appraisal		Comparable Sales Adjustment			5% to 62.8%				N/A
							Discount Rate			8%				N/A

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. A weighted average of an unobservable input is presented in the table above only to the extent there was multiple impaired loans or real estate properties measured at fair value on a nonrecurring basis.

The approximate carrying amounts and estimated fair values of financial instruments at March 31, 2015 and December 31, 2014 are as follows:

						Fair Value Measurements at March 31, 2015
		Carrying				Level 1				Level 2				Level 3			Total
		Value				Level 1				Level 2				Level 3			Total
Financial assets
Cash and cash equivalents		$	13,904,000			$	13,904,000			$	—			$	—		$	13,904,000
Restricted cash			8,724,000				8,724,000				—				—			8,724,000
Loans, net			53,978,000				—				—				53,942,000			53,942,000
Investment in limited liability company			2,186,000				—				—				2,352,000			2,352,000
Interest and other receivables			759,000				—				—				759,000			759,000

Financial liabilities
Due to Manager		$	189,000			$	—			$	189,000			$	—		$	189,000
Accrued interest payable			238,000				—				133,000				105,000			238,000
Line of credit payable			13,969,000				—				13,969,000				—			13,969,000
Notes payable			38,052,000				—				24,881,000				13,171,000			38,052,000

						Fair Value Measurements at December 31, 2014
		Carrying				Level 1				Level 2				Level 3			Total
		Value				Level 1				Level 2				Level 3			Total
Financial assets
Cash and cash equivalents		$	1,414,000			$	1,414,000			$	—			$	—		$	1,414,000
Restricted cash			6,249,000				6,249,000				—				—			6,249,000
Loans, net			65,164,000				—				—				66,009,000			66,009,000
Investment in limited liability company			2,143,000				—				—				2,352,000			2,352,000
Interest and other receivables			838,000				—				—				838,000			838,000

Financial liabilities
Due to Manager		$	284,000			$	—			$	284,000			$	—		$	284,000
Accrued interest payable			175,000				—				113,000				62,000			175,000
Lines of credit payable			11,450,000								11,450,000				—			11,450,000
Notes payable			37,570,000				—				24,428,000				13,155,000			37,583,000

The following methods and assumptions were used by the Company in estimating the fair value of each class of financial instruments:

Cash, cash equivalents and restricted cash: The carrying value of cash and cash equivalents and restricted cash approximates the fair value because of the liquidity and/or relatively short maturity of these instruments and are classified as Level 1.

Loans, net: The fair value of loans that are not impaired are estimated using discounted cash flow methodology, using discount rates, which, in the opinion of management, best reflect current market interest rates that would be offered for loans with similar characteristics and credit quality but are often unobservable resulting in a Level 3 classification. The fair values of loans that are impaired are estimated by the Company primarily through the use of third party appraisals of the underlying collateral. Such appraisals often include unobservable market data including adjustments to comparable property sales for such items as location, size and quality to estimate fair values using a sales comparison approach and include cash flow assumptions and capitalization rates used to estimate fair values under an income approach resulting in a Level 3 classification.

Investment in limited liability company: The fair value of the Company’s investment in limited liability company is estimated based on an appraisal obtained which used unobservable inputs and is classified as Level 3.

Lines of creditpayable: The fair value of the Company’s lines of credit payable is estimated based upon comparable market indicators of current pricing for the same or similar issue or on the current rate offered to the Company for debt of the same remaining maturity which are generally observable resulting in a Level 2 classification.

Notes payable: The fair values of the Company’s notes payable and related accrued interest 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 either a Level 2 or Level 3 classification. Generally, Level 2 inputs are used for variable rate notes payable and Level 3 inputs are used for fixed rate notes payable.

Other: The carrying values of interest and other receivables and due to Manager are estimated to approximate fair values due to the short term nature of these instruments and are classified as Level 2 (except for accrued interest and advances related to loans which are classified as Level 3).

Note_13_Commitments_and_Contin

Note 13 - Commitments and Contingencies	3 Months Ended
Note 13 - Commitments and Contingencies	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 13 - 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 March 31, 2015 and December 31, 2014, approximately $57,000 and $60,000 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 during 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. TOTB has 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 March 31, 2015 and December 31, 2014, approximately $95,000 and $79,000 had been accrued and/or paid for testing and analysis.

	Contractual Obligations

	The Company has entered into various contracts for design, architectural and engineering for the potential phase II development of the land owned by TSV. The aggregate amount of these contracts as of the date of this filing is approximately $1,585,000 of which approximately $504,000 has been incurred as of March 31, 2015. Management expects that 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 contracts for the construction, demolition and concrete remediation, design, architectural and engineering services related to the renovation of the vacant apartment building owned by TOTB North (see Note 8) in the aggregate amount of approximately $20,928,000 of which approximately $4,387,000 has been incurred to March 31, 2015 in addition to other capitalized costs related to the construction project of $1,187,000 (total of $5,574,000). Management expects that all costs for this project will be paid from cash reserves or the recently obtained construction loan. It is possible that additional change orders will be submitted and construction costs may be higher than expected.

	The Company has entered into contracts for new bathrooms and modular offices and improvements to the bridge that accesses the marina held within Brannan Island, LLC in the aggregate amount of approximately $785,000 of which approximately $451,000 has been incurred to March 31, 2015. Management expects that all costs from the project will be paid from cash reserves or advances from the lines of credit. It is possible that additional change orders will be submitted and construction costs may be higher than expected.

	As of March 31, 2015, the Company has commitments to advance additional funds to borrowers of construction, rehabilitation and other loans in the total amount of approximately $7,521,000 (including approximately $1,595,000 in interest reserves).

	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_14_Subsequent_Events

Note 14 - Subsequent Events	3 Months Ended
Note 14 - Subsequent Events	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 14 – SUBSEQUENT EVENT

	On April 21, 2015, the Company signed an amendment and restatement of the CB&T Credit Facility to increase the maximum potential borrowings from $20,000,000 to $30,000,000 and to add First Bank as an additional Lender.

	The Amended and Restated Credit Agreement is dated as of April 16, 2015, and is among the Company, as Borrower, CB&T as administrative agent, swingline lender and lender, and First Bank as an additional lender. The parties also entered into a related Amended and Restated Advance Formula Agreement, two Master Revolving Notes from the Company (one to CB&T in an amount up to $20,000,000 and the other to First Bank in an amount up to $10,000,000), a restated Security Agreement, and an Addendum to Credit Agreement (Agency Provisions). These agreements collectively amend and restate the prior agreements with CB&T dated February 5, 2014.

	The maximum borrowing under the revolving CB&T Credit Facility is the lesser of $30,000,000 or the amount determined pursuant to a borrowing base calculation described in the Advance Formula Agreement. At any time that the aggregate principal amount of the total borrowings under the CB&T Credit Facility exceeds the maximum permitted pursuant to the borrowing base calculation, the Company must promptly repay an amount equal to such excess.

	Funds under the CB&T Credit Facility may be borrowed, repaid and redrawn, and all borrowings mature on February 5, 2016. Such borrowings will bear interest payable monthly, in arrears, on the first business day of each month, at the prime rate of interest established by CB&T from time-to-time (currently 3.25%) plus one quarter percent (.25%) per annum. Upon a default under the CB&T Credit Facility such interest rate increases by 2.00%.

	Borrowings under the CB&T Credit Facility are to be secured by certain assets of the Company. These collateral assets will include the grant to Lenders of first-priority deeds of trust on certain real property assets and trust deeds of the Company to be identified by the parties from time-to-time and all personal property of the Company, which collateral includes the assets described in the Security Agreement and in other customary collateral agreements that will be entered into by the parties from time-to-time.

	The borrowing base calculation outlined in the Advance Formula Agreement equals the sum of: (a) the lesser of (i) 75% of the outstanding principal balance of those mortgage loan promissory notes issued by the Company in the ordinary course of business that qualify as “Eligible Loan Notes” according to criteria outlined in the Advance Formula Agreement and (ii) 50% of the then-current Appraised Value of the real property securing such Eligible Loan Notes; plus (b) 50% of the then-current Appraised Value of the real property owned by the Company that qualifies as “Eligible Owned Real Property” according to criteria outlined in the Advance Formula Agreement.

	The CB&T Credit Facility contains affirmative, negative, and financial covenants which management believes are customary for loans of this type. The amended CB&T Credit Facility is also subject to the payment of an additional fee of $25,000 per year, prorated from the effective date of the Note to Maturity, and certain administrative fees.

	The Credit Agreement contains certain events of default (subject to specified thresholds and, in certain cases, cure periods), which management believes are customary for loans of this type. If an event of default occurs and is continuing under the Credit Agreement, the lenders may, among other things, terminate their obligations to lend under the CB&T Credit Facility and require the Company to repay all amounts owed thereunder.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	3 Months Ended
Accounting Policies, by Policy (Policies)	Mar. 31, 2015
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Principlesof Consolidation

	The consolidated financial statements include the accounts of the Company, 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 are inherently imprecise and actual results could differ significantly from such estimates.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements

	In April 2015, the FASB issued Accounting Standards Update 2015-03, “Interest - Imputation of Interest (Subtopic 835-30) – Simplifying the Presentation of Debt Issuance Costs,” or ASU 2015-03. ASU 2015-03 simplifies the presentation of debt issuance costs by requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct reduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by this ASU. The amendments in this ASU are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The adoption of this ASU by the Company will change the presentation of debt issuance costs, which will be reported as a direct offset to the applicable debt on the balance sheet.

	In April 2014, the FASB issued Accounting Standards Update 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”. ASU 2014-08 updated guidance that changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. Under the new guidance, a discontinued operation is defined as a disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results. As a result of this new guidance, future dispositions of real estate owned assets may no longer meet the criteria to be considered as discontinued operations. The guidance was effective as of the first quarter of 2015 and did not have a material effect on the Company’s consolidated financial statements.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents

	Cash and cash equivalents include funds on deposit with financial institutions.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restricted Cash

	Restricted cash includes contingency reserves required pursuant to the Company’s charter, non-interest bearing deposits required pursuant to the Company’s lines of credit (see Note 7), the deposit required pursuant to the Company’s construction loan payable (see Note 8) and escrow deposits for property taxes and insurance 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, Owens Financial Group, Inc. (“OFG” or “Manager”), will seek to manage credit risk by performing analysis of underlying collateral assets.
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Loans and Allowance for Loan Losses

	Loans are generally stated at the principal amount outstanding. Advances under the terms of a loan to pay property taxes, insurance, legal and other costs are generally capitalized and reported as interest and other receivables. 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. The Company does not incur origination costs and does not earn or collect origination fees from borrowers as OFG is entitled to all such fees (see Note 9).

	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 management’s estimate of probable 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 that are individually evaluated for impairment and general reserves for inherent losses related to loans that are not considered impaired and are collectively evaluated for impairment.

	Regardless of a loan type, a loan is considered impaired when, based on current information and events, management believes 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 considered 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, management 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 considered impaired and are collectively evaluated for impairment 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 that are individually evaluated for impairment and loans that are not considered impaired and are collectively evaluated for impairment, is combined to determine the Company’s overall allowance, which is included on the consolidated balance sheet. The reserve for loans that are not considered 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 Real Estate and Condominiums [Policy Text Block]	Commercial *and Residential* *Real EstateLoans* –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.
Improved and Unimproved Land [Policy Text Block]	LandLoans – These loans generally possess a higher inherent risk of loss than other real estate portfolio segments. Trends in real estate values significantly impact the security of these loans, as property values generally determine the economic viability of development projects. As improved property values decline, the value of unimproved land declines disproportionally more quickly.
Other Assets [Policy Text Block]	Other Assets

	Other assets primarily include deferred rent, capitalized lease commissions, prepaid expenses, deposits and inventory. Amortization of lease commissions is provided on the straight-line method over the lives of the related leases.
Deferred Charges, Policy [Policy Text Block]	Deferred Financing Costs

	Issuance and other costs related to the Company’s lines of credit and certain notes payable are capitalized and amortized to interest expense under either the straight-line or effective interest methods over the terms of the respective debt instruments. Deferred financing costs related to the construction loan in TOTB North, LLC are being amortized to the construction project under the straight-line method over the term of construction/renovation.
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 properties acquired in full or partial settlement of loan obligations, principally through foreclosure, that are being marketed for sale. Real estate held for sale is recorded upon 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 fair value is charged against the allowance for loan losses. Any excess of the net fair value over the recorded investment in the loan is credited first to the allowance for loan losses as a recovery to the extent charge-offs had been recorded previously, and then to earnings as gain on foreclosure of loan.

	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 fair 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 fair 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 properties acquired in full or partial settlement of loan obligations, principally through foreclosure, that are not being marketed for sale and are either being operated or leased, are being managed through the development process (including obtaining appropriate and necessary entitlements, permits and/or construction) or are idle properties awaiting more favorable market conditions. Certain of these properties are those that the Company cannot sell without placing our REIT status at risk or become subject to prohibited transactions penalty taxes. Real estate held for investment is recorded upon 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 shorter of their estimated useful lives or the lease terms.

	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. Such real estate properties are recorded at the time of reclassification at their carrying amounts prior to reclassification or fair value, whichever is lower. This establishes the initial basis at which the properties are accounted for as held for sale, as described above.

	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 13) 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 Common Share

	The Company calculates basic earnings per share by dividing net income allocable to common stockholders for the period by the weighted-average shares of common stock outstanding for that period. Diluted earnings per share takes into effect any dilutive instruments, except if when doing so such instruments 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 has elected to be taxed as a REIT. As a result of the Company’s REIT status 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.

	The Company has elected or may elect to treat certain of its existing or newly created corporate subsidiaries as taxable REIT subsidiaries (each a “TRS”). In general, a TRS may hold assets that the REIT cannot hold directly and, subject to certain exceptions related to hotels and healthcare properties, may engage in any real estate or non-real estate related business. A TRS is treated as a regular corporation and is subject to federal, state, local and foreign taxes on its income and property. Lone Star Golf, Inc. is treated as a TRS of the Company.

	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.

	Certain entities included in the Company’s consolidated financial statements are subject to certain state and local taxes. These taxes are recorded as general and administrative expenses in the accompanying consolidated financial statements.

Note_3_Loans_and_Allowance_for1

Note 3 - Loans and Allowance for Loan Losses (Tables)	3 Months Ended
Note 3 - Loans and Allowance for Loan Losses (Tables)	Mar. 31, 2015
Disclosure Text Block Supplement [Abstract]
Allowance for Credit Losses on Financing Receivables [Table Text Block]	2015	Commercial		Residential			Land		Total

	Allowance for loan losses:
		Three Months Ended March 31, 2015
	Beginning balance	$	888,260	$	1,975,112		$	5,983	$	2,869,355
	Provision (Reversal)		23,506		(2,091	)		66,151		87,566
	Ending Balance	$	911,766	$	1,973,021		$	72,134	$	2,956,921
		As of March 31, 2015
	Ending balance: individually evaluated for impairment	$	552,761	$	1,839,345		$	—	$	2,392,106

	Ending balance: collectively evaluated for impairment	$	359,005	$	133,676		$	72,134	$	564,815

	Ending balance	$	911,766	$	1,973,021		$	72,134	$	2,956,921

	Loans:
	Ending balance	$	42,600,361	$	12,791,670		$	1,542,548	$	56,934,579

	Ending balance: individually evaluated for impairment	$	1,078,752	$	7,785,790		$	—	$	8,864,542

	Ending balance: collectively evaluated for impairment	$	41,521,609	$	5,005,880		$	1,542,548	$	48,070,037
	2014	Commercial		Residential			Land		Total

	Allowance for loan losses:
		Three Months Ended March 31, 2014
	Beginning balance	$	932,651	$	3,798,203		$	8,234	$	4,739,088
	(Reversal) Provision		282,373		(159,259	)		4,058		127,172
	Ending Balance	$	1,215,024	$	3,638,944		$	12,292	$	4,866,260
		As of December 31, 2014
	Ending balance: individually evaluated for impairment	$	550,010	$	1,839,345		$	—	$	2,389,355

	Ending balance: collectively evaluated for impairment	$	338,250	$	135,767		$	5,983	$	480,000

	Ending balance	$	888,260	$	1,975,112		$	5,983	$	2,869,355

	Loans:
	Ending balance	$	52,531,537	$	13,491,906		$	2,010,068	$	68,033,511

	Ending balance: individually evaluated for impairment	$	12,666,935	$	7,788,747		$	1,860,068	$	22,315,750

	Ending balance: collectively evaluated for impairment	$	39,864,602	$	5,703,159		$	150,000	$	45,717,761
Past Due Financing Receivables [Table Text Block]	31-Mar-15	Loans		Loans			Loans		Total Past		Current		Total Loans
		30-59 Days		60-89 Days			90 or More Days		Due Loans		Loans
		Past Due		Past Due			Past Due

	Commercial	$	—	$	—		$	1,078,752	$	1,078,752	$	41,521,609	$	42,600,361
	Residential		—		—			7,785,790		7,785,790		5,005,880		12,791,670
	Land		—		—			—		—		1,542,548		1,542,548
		$	—	$	—		$	8,864,542	$	8,864,542	$	48,070,037	$	56,934,579
	31-Dec-14	Loans		Loans			Loans		Total Past		Current		Total Loans
		30-59 Days		60-89 Days			90 or More Days		Due Loans		Loans
		Past Due		Past Due			Past Due

	Commercial	$	—	$	—		$	1,078,752	$	1,078,752	$	51,452,785	$	52,531,537
	Residential		—		—			7,788,747		7,788,747		5,703,159		13,491,906
	Land		—		—			1,860,068		1,860,068		150,000		2,010,068
		$	—	$	—		$	10,727,567	$	10,727,567	$	57,305,944	$	68,033,511
Impaired Financing Receivables [Table Text Block]		As of March 31, 2015							Three Months Ended March 31, 2015
		Recorded		Unpaid			Related		Average		Interest
		Investment		Principal			Allowance		Recorded		Income
				Balance					Investment		Recognized
	With no related allowance recorded:
	Commercial	$	—	$	—		$	—	$	7,737,656	$	601,660
	Residential		250,790		250,790			—		251,780		5,493
	Land		—		—			—		1,240,045		216,904

	With an allowance recorded:
	Commercial		1,079,699		1,078,752			552,761		1,079,699		13,484
	Residential		7,983,345		7,535,000			1,839,345		7,983,345		63,000
	Land		—		—			—		—		—

	Total:
	Commercial	$	1,079,699	$	1,078,752		$	552,761	$	8,817,355	$	615,144
	Residential	$	8,234,135	$	7,785,790		$	1,839,345	$	8,235,125	$	68,493
	Land	$	—	$	—		$	—	$	1,240,045	$	216,904
		As of December 31, 2014							Three Months Ended March 31, 2014
		Recorded		Unpaid			Related		Average		Interest
		Investment		Principal			Allowance		Recorded		Income
				Balance					Investment		Recognized
	With no related allowance recorded:
	Commercial	$	11,588,183	$	11,588,183		$	—	$	16,217,747	$	498,505
	Residential		253,747		253,747			—		2,503,678		45,000
	Land		1,860,068		1,860,068			—		4,023,444		54,320

	With an allowance recorded:
	Commercial		1,079,699		1,078,752			550,010		1,783,636		14,482
	Residential		7,983,345		7,535,000			1,839,345		7,983,430		39,000
	Land		—		—			—		—		—

	Total:
	Commercial	$	12,667,882	$	12,666,935		$	550,010	$	18,001,383	$	512,987
	Residential	$	8,267,092	$	7,788,747		$	1,839,345	$	10,487,108	$	84,000
	Land	$	1,860,068	$	1,860,068		$	—	$	4,023,444	$	54,320

Note_5_Real_Estate_Held_for_Sa1

Note 5 - Real Estate Held for Sale (Tables)	3 Months Ended
Note 5 - Real Estate Held for Sale (Tables)	Mar. 31, 2015
Disclosure Text Block [Abstract]
Properties Acquired Through Foreclosure [Table Text Block]		March 31,		December 31,
		2015		2014
	Land (including land under development)	$	37,562,043	$	36,263,330
	Retail		15,439,021		16,494,440
	Residential		6,852,989		—
	Office		4,716,159		4,716,159
	Industrial		3,005,470		—
	Golf course		2,025,083		2,020,410
		$	69,600,765	$	59,494,339

Note_6_Real_Estate_Held_for_In1

Note 6 - Real Estate Held for Investment (Tables)	3 Months Ended
Note 6 - Real Estate Held for Investment (Tables)	Mar. 31, 2015
Note 6 - Real Estate Held for Investment (Tables) [Line Items]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Twelve months ending March 31:
	2016	$	6,890,670
	2017		3,753,707
	2018		3,098,675
	2019		2,648,921
	2020		1,686,500
	Thereafter (through 2026)		3,325,297
		$	21,403,770
By Property [Member]
Note 6 - Real Estate Held for Investment (Tables) [Line Items]
Schedule of Real Estate Properties [Table Text Block]		March 31,			December 31,
		2015			2014
	Land	$	8,839,255		$	10,797,656
	Residential		44,460,963			48,154,258
	Retail		23,286,401			23,211,896
	Assisted care		4,999,210			5,005,000
	Office		4,375,862			4,416,108
	Industrial		1,446,605			4,486,797
	Storage		3,823,911			3,847,884
	Marina		3,822,694			3,602,867
		$	95,054,901		$	103,522,466
		March 31,			December 31,
		2015			2014
	Land and land improvements	$	34,347,537		$	39,003,422
	Buildings and improvements		65,899,366			70,594,331
			100,246,903			109,597,753
	Less: Accumulated depreciation		(5,192,002	)		(6,075,287	)
		$	95,054,901		$	103,522,466

Note_7_Lines_of_Credit_Payable1

Note 7 - Lines of Credit Payable (Tables)	3 Months Ended
Note 7 - Lines of Credit Payable (Tables)	Mar. 31, 2015
Debt Disclosure [Abstract]
Schedule of Line of Credit Facilities [Table Text Block]		As of March 31, 2015				As of December 31, 2014

		Outstanding		Total		Outstanding		Total
		Balance		Commitment		Balance		Commitment

	CB&T Line of Credit	$	13,969,000	$	13,969,000	$	11,450,000	$	17,355,000
	Opus Bank Line of Credit		—		12,626,000		—		16,721,000
	Total	$	13,969,000	$	26,595,000	$	11,450,000	$	34,076,000
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]		March 31,
		2015
	Loans:
	Commercial	$	3,983,703
	Real Estate:
	Residential		6,852,989
	Storage		3,823,911
	Industrial		3,005,470
	Total	$	13,682,370
		March 31,
		2015
	Loans:
	Commercial	$	7,962,810
	Real Estate:
	Office		9,092,020
	Industrial		1,446,605
	Total	$	10,538,625

Note_8_Notes_and_Loans_Payable1

Note 8 - Notes and Loans Payable on Real Estate (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Schedule of Debt [Table Text Block]			March 31,		December 31,	Interest	Payment	Maturity Date
			2015		2014	Rate	Terms/Frequency
	720 University, LLC Note Payable	$	9,771,263	$	9,741,463	6.00%	Interest Only	May-15
							Monthly
	Tahoe Stateline Venture, LLC Note #1		2,900,000		2,900,000	5.00%	Interest Only	Dec-16
							Semi-annual
	Tahoe Stateline Venture, LLC Note #3		500,000		500,000	5.00%	Interest Only	Aug-17
							Quarterly
	TOTB North, LLC Construction Loan Payable		1,579,593		1,007,919	4.50%	Amortizing	Jun-17
							Monthly
	TOTB Miami, LLC Loan Payable		12,900,079		12,975,167	4.27%	Amortizing	Nov-17
							Monthly
	Tahoe Stateline Venture, LLC Loan Payable		10,401,099		10,445,000	3.47%	Amortizing	Jan-21
							Monthly
		$	38,052,034	$	37,569,549
Schedule of Maturities of Long-term Debt [Table Text Block]	Twelve months ending March 31:
	2016	$	10,339,715
	2017		3,492,680
	2018		14,653,696
	2019		298,242
	2020		308,757
	Thereafter		8,958,944
		$	38,052,034

Note_12_Fair_Value_Tables

Note 12 - Fair Value (Tables)	3 Months Ended
Note 12 - Fair Value (Tables)	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements, Nonrecurring [Table Text Block]		Fair Value Measurements Using
		Fair Value			Quoted Prices In Active Markets for Identical Assets			Significant Other Observable Inputs			Significant Unobservable Inputs
		Fair Value			(Level 1)			(Level 2)			(Level 3)
	31-Mar-15
	Nonrecurring:
	Impaired loans:
	Commercial	$	526,938		$	—		$	—		$	526,938
	Residential		6,144,000			—			—			6,144,000
	Total	$	6,670,938		$	—		$	—		$	6,670,938

	Real estate properties:
	Land	$	4,704,000		$	—		$	—		$	4,704,000
	Total	$	4,704,000		$	—		$	—		$	4,704,000

	31-Dec-14
	Nonrecurring:
	Impaired loans:
	Commercial	$	529,689		$	—		$	—		$	529,689
	Residential		6,144,000			—			—			6,144,000
	Total	$	6,673,689		$	—		$	—		$	6,673,689

	Real estate properties:
	Commercial	$	1,292,500		$	—		$	—		$	1,292,500
	Land		2,334,773			—			—			2,334,773
	Total	$	3,627,273		$	—		$	—		$	3,627,273
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	Description	Fair Value		Valuation		Significant	Input/Range			Weighted
	Description	Fair Value		Technique		Unobservable Inputs	Input/Range			Average

	Impaired Loans:
	Commercial	$	526,938	Appraisal		Estimated Cost of Improvements		13.60%			N/A
						Capitalization Rate		6.50%			N/A
						Comparable Sales Adjustment		(59)% to (2.3)%			N/A
	Residential	$	6,144,000	Appraisal		Estimated Cost of Improvements		1.80%			N/A
						Discount Rate		12%			N/A
						Comparable Sales Adjustment		(10)% to 20%			N/A
	Real Estate Properties:
	Land	$	4,704,000	Appraisal		Comparable Sales Adjustment		-19%			N/A
	Description	Fair Value		Valuation		Significant	Input/Range			Weighted
	Description	Fair Value		Technique		Unobservable Inputs	Input/Range			Average

	Impaired Loans:
	Commercial	$	529,689	Appraisal		Estimate Cost of Improvements		13.60%			N/A
						Capitalization Rate		6.50%			N/A
						Comparable Sales Adjustment		(59)% to (2.3)%			N/A
	Residential	$	6,144,000	Appraisal		Estimate Cost of Improvements		1.80%			N/A
						Discount Rate		12%			N/A
						Comparable Sales Adjustment		(10)% to 20%			N/A
	Real Estate Properties:
	Commercial	$	1,292,500	Appraisal		Comparable Purchase Offers		(42)% to 13.4%			N/A
	Land	$	2,334,773	Appraisal		Comparable Sales Adjustment		5% to 62.8%			N/A
						Discount Rate		8%			N/A
Fair Value, by Balance Sheet Grouping [Table Text Block]					Fair Value Measurements at March 31, 2015
		Carrying			Level 1			Level 2			Level 3		Total
		Value			Level 1			Level 2			Level 3		Total
	Financial assets
	Cash and cash equivalents	$	13,904,000		$	13,904,000		$	—		$	—	$	13,904,000
	Restricted cash		8,724,000			8,724,000			—			—		8,724,000
	Loans, net		53,978,000			—			—			53,942,000		53,942,000
	Investment in limited liability company		2,186,000			—			—			2,352,000		2,352,000
	Interest and other receivables		759,000			—			—			759,000		759,000

	Financial liabilities
	Due to Manager	$	189,000		$	—		$	189,000		$	—	$	189,000
	Accrued interest payable		238,000			—			133,000			105,000		238,000
	Line of credit payable		13,969,000			—			13,969,000			—		13,969,000
	Notes payable		38,052,000			—			24,881,000			13,171,000		38,052,000
					Fair Value Measurements at December 31, 2014
		Carrying			Level 1			Level 2			Level 3		Total
		Value			Level 1			Level 2			Level 3		Total
	Financial assets
	Cash and cash equivalents	$	1,414,000		$	1,414,000		$	—		$	—	$	1,414,000
	Restricted cash		6,249,000			6,249,000			—			—		6,249,000
	Loans, net		65,164,000			—			—			66,009,000		66,009,000
	Investment in limited liability company		2,143,000			—			—			2,352,000		2,352,000
	Interest and other receivables		838,000			—			—			838,000		838,000

	Financial liabilities
	Due to Manager	$	284,000		$	—		$	284,000		$	—	$	284,000
	Accrued interest payable		175,000			—			113,000			62,000		175,000
	Lines of credit payable		11,450,000						11,450,000			—		11,450,000
	Notes payable		37,570,000			—			24,428,000			13,155,000		37,583,000

Note_1_Organization_Details

Note 1 - Organization (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Jan. 23, 2013	Aug. 09, 2012
Disclosure Text Block [Abstract]
Common Stock, Shares Authorized	50,000,000	50,000,000		50,000,000
Common Stock, Par or Stated Value Per Share	$0.01	$0.01		$0.01
Preferred Stock, Shares Authorized	5,000,000	5,000,000	5,000,000
Preferred Stock, Par or Stated Value Per Share	$0.01	$0.01	$0.01
Potential Percentage Penalty Tax	100.00%
REIT Minimum Percent Distribution Of Taxable Income	90.00%

Note_2_Summary_of_Significant_1

Note 2 - Summary of Significant Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2015
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
Allowance for Loan Losses, Number of Components	2
Qualify for Recognition as a Completed Sale, Expected Term	1 year
Real Estate Properties [Member] \| Minimum [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Real Estate Properties [Member] \| 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 $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Note 3 - Loans and Allowance for Loan Losses (Details) [Line Items]
Allowance for Loan and Lease Losses, Real Estate	$2,956,921	$4,866,260	$2,869,355	$4,739,088
Financing Receivable, Modifications, Number of Contracts	0	0
Commercial Real Estate Portfolio Segment [Member] \| Accrual Status [Member]
Note 3 - Loans and Allowance for Loan Losses (Details) [Line Items]
Mortgage Loans on Real Estate, Number of Loans			2
Impaired Financing Receivable, Unpaid Principal Balance			11,588,000
Modified Loan Terms [Member]
Note 3 - Loans and Allowance for Loan Losses (Details) [Line Items]
Allowance for Loan and Lease Losses, Real Estate	2,392,000		2,389,000
Financing Receivable, Modifications, Recorded Investment	$9,314,000		$20,265,000

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
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning balance	$2,869,355	$4,739,088
Allowance for loan losses	2,956,921	4,866,260
Allowance for loan losses: individually evaluated for impairment	2,392,106		2,389,355
Allowance for loan losses: collectively evaluated for impairment	564,815		480,000
Allowance for loan losses	2,956,921	4,866,260
Loans:
Loans	56,934,579		68,033,511
Ending balance: individually evaluated for impairment	8,864,542		22,315,750
Ending balance: collectively evaluated for impairment	48,070,037		45,717,761
Provision (reversal)	87,566	127,172
Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning balance	1,975,112	3,798,203
Allowance for loan losses	1,973,021	3,638,944
Allowance for loan losses: individually evaluated for impairment	1,839,345		1,839,345
Allowance for loan losses: collectively evaluated for impairment	133,676		135,767
Allowance for loan losses	1,973,021	3,638,944
Loans:
Loans	12,791,670		13,491,906
Ending balance: individually evaluated for impairment	7,785,790		7,788,747
Ending balance: collectively evaluated for impairment	5,005,880		5,703,159
Provision (reversal)	-2,091	-159,259
Land Loan [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning balance	5,983	8,234
Allowance for loan losses	72,134	12,292
Allowance for loan losses: collectively evaluated for impairment	72,134		5,983
Allowance for loan losses	72,134	12,292
Loans:
Loans	1,542,548		2,010,068
Ending balance: individually evaluated for impairment			1,860,068
Ending balance: collectively evaluated for impairment	1,542,548		150,000
Provision (reversal)	$66,151	$4,058

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 $)	Mar. 31, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, 90 days or more	$8,864,542	$10,727,567
Loans, past due	8,864,542	10,727,567
Loans, current	48,070,037	57,305,944
Loans	56,934,579	68,033,511
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, 90 days or more	1,078,752	1,078,752
Loans, past due	1,078,752	1,078,752
Loans, current	41,521,609	51,452,785
Loans	42,600,361	52,531,537
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, 90 days or more	7,785,790	7,788,747
Loans, past due	7,785,790	7,788,747
Loans, current	5,005,880	5,703,159
Loans	12,791,670	13,491,906
Land Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, 90 days or more		1,860,068
Loans, past due		1,860,068
Loans, current	1,542,548	150,000
Loans	$1,542,548	$2,010,068

Note_3_Loans_and_Allowance_for5

Note 3 - Loans and Allowance for Loan Losses (Details) - Impaired Loans (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Commercial Portfolio Segment [Member]
With no related allowance recorded:
Recorded investment, with no related allowance recorded		$11,588,183
Unpaid principal balance, with no related allowance recorded		11,588,183
Average recorded investment, with no related allowance recorded	7,737,656	16,217,747
Interest income recognized, with no related allowance recorded	601,660	498,505
With an allowance recorded:
Recorded investment, with an allowance recorded	1,079,699	1,079,699
Unpaid principal balance, with an allowance recorded	1,078,752	1,078,752
Related allowance	552,761	550,010
Average recorded investment, with an allowance recorded	1,079,699	1,783,636
Interest income recognized, with an allowance recorded	13,484	14,482
Total:
Recorded investment	1,079,699	12,667,882
Unpaid principal balance	1,078,752	12,666,935
Related allowance	552,761	550,010
Average recorded investment	8,817,355	18,001,383
Interest income recognized	615,144	512,987
Residential Portfolio Segment [Member]
With no related allowance recorded:
Recorded investment, with no related allowance recorded	250,790	253,747
Unpaid principal balance, with no related allowance recorded	250,790	253,747
Average recorded investment, with no related allowance recorded	251,780	2,503,678
Interest income recognized, with no related allowance recorded	5,493	45,000
With an allowance recorded:
Recorded investment, with an allowance recorded	7,983,345	7,983,345
Unpaid principal balance, with an allowance recorded	7,535,000	7,535,000
Related allowance	1,839,345	1,839,345
Average recorded investment, with an allowance recorded	7,983,345	7,983,430
Interest income recognized, with an allowance recorded	63,000	39,000
Total:
Recorded investment	8,234,135	8,267,092
Unpaid principal balance	7,785,790	7,788,747
Related allowance	1,839,345	1,839,345
Average recorded investment	8,235,125	10,487,108
Interest income recognized	68,493	84,000
Land Loan [Member]
With no related allowance recorded:
Recorded investment, with no related allowance recorded		1,860,068
Unpaid principal balance, with no related allowance recorded		1,860,068
Average recorded investment, with no related allowance recorded	1,240,045	4,023,444
Interest income recognized, with no related allowance recorded	216,904	54,320
Total:
Recorded investment		1,860,068
Unpaid principal balance		1,860,068
Average recorded investment	1,240,045	4,023,444
Interest income recognized	$216,904	$54,320

Note_4_Investment_in_Limited_L1

Note 4 - Investment in Limited Liability Company (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Jul. 31, 2008
Note 4 - Investment in Limited Liability Company (Details) [Line Items]
Income (Loss) from Equity Method Investments	$43,061	$41,696
1850 [Member]
Note 4 - Investment in Limited Liability Company (Details) [Line Items]
Number of Real Estate Properties			2
Number of Companies			2
Proceeds from Equity Method Investment, Dividends or Distributions	0	0
Income (Loss) from Equity Method Investments	$43,000	$42,000

Note_5_Real_Estate_Held_for_Sa2

Note 5 - Real Estate Held for Sale (Details) (USD $)	3 Months Ended
Note 5 - Real Estate Held for Sale (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2014
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Impairment of Real Estate	$1,109,434	$7,540
Proceeds from Sale of Other Real Estate		0
Gain (Loss) on Sale of Properties	205,441	277,184
Transferred from Held for Investment to Held for Sale [Member] \| Land Property [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Number of Parcels	1
Transferred from Held for Investment to Held for Sale [Member] \| Residential [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Number of Parcels	1
Transferred from Held for Investment to Held for Sale [Member] \| Industrial Property [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Number of Parcels	1
Transferred from Held for Investment to Held for Sale [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Number of Parcels	3
Unimproved Residential and Commercial Land Located in Gypsum, Colorado [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Impairment of Real Estate	1,109,000
Retail Property [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Number of Real Estate Properties	1
Proceeds from Sale of Other Real Estate	1,109,000
Gain (Loss) on Sale of Properties	53,000
Deferred Gain on Property [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Gain (Loss) on Sale of Properties	$152,000	$277,000

Note_5_Real_Estate_Held_for_Sa3

Note 5 - Real Estate Held for Sale (Details) - Properties Acquired Through Foreclosure (USD $)	Mar. 31, 2015	Dec. 31, 2014
Note 5 - Real Estate Held for Sale (Details) - Properties Acquired Through Foreclosure [Line Items]
Real estate held for sale	$69,600,765	$59,494,339
Improved and Unimproved Land [Member]
Note 5 - Real Estate Held for Sale (Details) - Properties Acquired Through Foreclosure [Line Items]
Real estate held for sale	37,562,043	36,263,330
Retail Site [Member]
Note 5 - Real Estate Held for Sale (Details) - Properties Acquired Through Foreclosure [Line Items]
Real estate held for sale	15,439,021	16,494,440
Residential [Member]
Note 5 - Real Estate Held for Sale (Details) - Properties Acquired Through Foreclosure [Line Items]
Real estate held for sale	6,852,989
Office Building [Member]
Note 5 - Real Estate Held for Sale (Details) - Properties Acquired Through Foreclosure [Line Items]
Real estate held for sale	4,716,159	4,716,159
Industrial Property [Member]
Note 5 - Real Estate Held for Sale (Details) - Properties Acquired Through Foreclosure [Line Items]
Real estate held for sale	3,005,470
Golf Course [Member]
Note 5 - Real Estate Held for Sale (Details) - Properties Acquired Through Foreclosure [Line Items]
Real estate held for sale	$2,025,083	$2,020,410

Note_6_Real_Estate_Held_for_In2

Note 6 - Real Estate Held for Investment (Details) (USD $)	3 Months Ended
Note 6 - Real Estate Held for Investment (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2014
Note 6 - Real Estate Held for Investment (Details) [Line Items]
Depreciation	$580,000	$519,000
Gain on Foreclosure of Loan		257,020
Minimum [Member]
Note 6 - Real Estate Held for Investment (Details) [Line Items]
Remaining Term on Lease	1 year
Maximum [Member]
Note 6 - Real Estate Held for Investment (Details) [Line Items]
Remaining Term on Lease	12 years
Sandmound Marina, LLC Foreclosed in 2014 [Member]
Note 6 - Real Estate Held for Investment (Details) [Line Items]
Mortgage Loans on Real Estate, Foreclosures		2,960,000
Interest And Other Receivables Foreclosures		282,000
Gain on Foreclosure of Loan		$257,000

Note_6_Real_Estate_Held_for_In3

Note 6 - Real Estate Held for Investment (Details) - Real Estate Held for Investment (USD $)	Mar. 31, 2015	Dec. 31, 2014
Real Estate Properties [Line Items]
Real estate held for investment	$95,054,901	$103,522,466
Land and land improvements	34,347,537	39,003,422
Buildings and improvements	65,899,366	70,594,331
	100,246,903	109,597,753
Less: Accumulated depreciation	-5,192,002	-6,075,287
Improved and Unimproved Land [Member]
Real Estate Properties [Line Items]
Real estate held for investment	8,839,255	10,797,656
Residential [Member]
Real Estate Properties [Line Items]
Real estate held for investment	44,460,963	48,154,258
Retail Site [Member]
Real Estate Properties [Line Items]
Real estate held for investment	23,286,401	23,211,896
Assisted Care Facility [Member]
Real Estate Properties [Line Items]
Real estate held for investment	4,999,210	5,005,000
Office Building [Member]
Real Estate Properties [Line Items]
Real estate held for investment	4,375,862	4,416,108
Industrial Property [Member]
Real Estate Properties [Line Items]
Real estate held for investment	1,446,605	4,486,797
Other Property [Member]
Real Estate Properties [Line Items]
Real estate held for investment	3,823,911	3,847,884
Marinas [Member]
Real Estate Properties [Line Items]
Real estate held for investment	$3,822,694	$3,602,867

Note_6_Real_Estate_Held_for_In4

Note 6 - Real Estate Held for Investment (Details) - Future Minimum Rental Income from Noncancellable Operating Leases (USD $)	Mar. 31, 2015
Future Minimum Rental Income from Noncancellable Operating Leases [Abstract]
2016	$6,890,670
2017	3,753,707
2018	3,098,675
2019	2,648,921
2020	1,686,500
Thereafter (through 2026)	3,325,297
	$21,403,770

Note_7_Lines_of_Credit_Payable2

Note 7 - Lines of Credit Payable (Details) (USD $)	3 Months Ended		0 Months Ended		8 Months Ended	14 Months Ended
Note 7 - Lines of Credit Payable (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2014	Apr. 21, 2014	Apr. 01, 2015	Sep. 30, 2014	Mar. 31, 2015	Dec. 31, 2014	Apr. 21, 2015	Apr. 20, 2015	Feb. 28, 2014
Note 7 - Lines of Credit Payable (Details) [Line Items]
Deferred Finance Costs, Net	$1,186,329					$1,186,329	$1,317,585
Interest Expense	587,026	127,385
Repayments of Lines of Credit	8,470,000
Contingency Reserves [Member] \| Revolving Credit Facility [Member] \| Minimum [Member] \| Opus Credit Facility [Member]
Note 7 - Lines of Credit Payable (Details) [Line Items]
Loan Processing Fee	100,000
Subsequent Event [Member] \| Revolving Credit Facility [Member] \| Prime Rate [Member] \| CB&T [Member]
Note 7 - Lines of Credit Payable (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.25%
Debt Instrument, Interest Rate, Stated Percentage			3.25%
Subsequent Event [Member] \| Revolving Credit Facility [Member] \| CB&T [Member]
Note 7 - Lines of Credit Payable (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity								20,000,000
Interest Rate Increases Upon Default			2.00%
Loan Processing Fee			25,000
Repayments of Lines of Credit				12,125,000
Subsequent Event [Member] \| Revolving Credit Facility [Member] \| CB&T and First Bank [Member]
Note 7 - Lines of Credit Payable (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity								30,000,000
Default [Member] \| Revolving Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Opus Credit Facility [Member]
Note 7 - Lines of Credit Payable (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	5.00%
Revolving Credit Facility [Member] \| Prime Rate [Member] \| CB&T [Member]
Note 7 - Lines of Credit Payable (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.50%					3.50%
Revolving Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Opus Credit Facility [Member]
Note 7 - Lines of Credit Payable (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	4.00%
Debt Instrument, Interest Rate, Stated Percentage	0.40%					0.40%
Revolving Credit Facility [Member] \| CB&T [Member]
Note 7 - Lines of Credit Payable (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity									20,000,000	20,000,000
Debt Instrument, Basis Spread on Variable Rate					0.25%
Interest Rate Increases Upon Default						2.00%
Loan Processing Fee						100,000
Deferred Finance Costs, Net	177,000					177,000
Interest Expense	161,000	2,000
Amortization of Financing Costs	23,000	0
Revolving Credit Facility [Member] \| Opus Credit Facility [Member]
Note 7 - Lines of Credit Payable (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	20,000,000					20,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.50%					4.50%
Deferred Finance Costs, Net	231,000					231,000
Interest Expense	19,000	0
Amortization of Financing Costs	$19,000	$0
Debt Instrument, Interest Rate, Effective Percentage	4.50%					4.50%

Note_7_Lines_of_Credit_Payable3

Note 7 - Lines of Credit Payable (Details) - Credit Facilities (USD $)	Mar. 31, 2015	Dec. 31, 2014
Line of Credit Facility [Line Items]
Line of Credit, Outstanding	$13,969,000	$11,450,000
Line of Credit, Commitment	26,595,000	34,076,000
CB&T [Member]
Line of Credit Facility [Line Items]
Line of Credit, Outstanding	13,969,000	11,450,000
Line of Credit, Commitment	13,969,000	17,355,000
Opus Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit, Commitment	$12,626,000	$16,721,000

Note_7_Lines_of_Credit_Payable4

Note 7 - Lines of Credit Payable (Details) - Loans Securing Credit Facility (USD $)	Mar. 31, 2015
Commercial Loan [Member] \| CB&T [Member]
Loans:
Loans securing the credit facility	$3,983,703
Commercial Loan [Member] \| Opus Credit Facility [Member]
Loans:
Loans securing the credit facility	7,962,810
Residential Real Estate [Member] \| CB&T [Member]
Real Estate:
Real estate securing the credit facility	6,852,989
Commercial Real Estate [Member] \| Warehouse [Member] \| CB&T [Member]
Real Estate:
Real estate securing the credit facility	3,823,911
Commercial Real Estate [Member] \| Industrial Property [Member] \| CB&T [Member]
Real Estate:
Real estate securing the credit facility	3,005,470
Commercial Real Estate [Member] \| Industrial Property [Member] \| Opus Credit Facility [Member]
Real Estate:
Real estate securing the credit facility	1,446,605
Commercial Real Estate [Member] \| Office Building [Member] \| Opus Credit Facility [Member]
Real Estate:
Real estate securing the credit facility	9,092,020
CB&T [Member]
Real Estate:
Real estate securing the credit facility	13,682,370
Opus Credit Facility [Member]
Real Estate:
Real estate securing the credit facility	$10,538,625

Note_8_Notes_and_Loans_Payable2

Note 8 - Notes and Loans Payable on Real Estate (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Nov. 30, 2014	Jan. 31, 2015	Dec. 31, 2013
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Notes Payable	$38,052,034		$37,569,549
Interest Expense	587,026	127,385
Escrow Deposit	195,000		249,000
Noncontrolling Interest, Increase from Subsidiary Equity Issuance	279,184	4,359
Deferred Finance Costs, Net	1,186,329		1,317,585
Outstanding Principal Balance [Member] \| TSV Credit Agreement [Member] \| Tahoe Stateline Venture, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Debt Instrument, Default Rate Increase	5.00%
Other Outstanding Obligations [Member] \| TSV Credit Agreement [Member] \| Tahoe Stateline Venture, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Debt Instrument, Default Rate Increase	10.00%
TOTB North Loan Agreement [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| TOTB North, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	4.00%
TOTB North Loan Agreement [Member] \| Maximum [Member] \| TOTB North, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Debt Instrument, Face Amount	21,304,000
TOTB North Loan Agreement [Member] \| TOTB North, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Notes Payable	1,580,000		1,008,000
Interest Expense	14,000
Debt Instrument, Additional Terms	2 years
Debt Instrument, Extended Term	1 year
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum	4.50%
Debt Instrument, Interest Rate, Effective Percentage	4.50%
Debt Instrument, Default Rate Increase	8.00%
Escrow Deposit			1,000,000
Deferred Finance Costs, Net	622,000
Amortization of Financing Costs	52,000
TOTB Miami Loan Agreement [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| TOTB Miami, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	4.00%
TOTB Miami Loan Agreement [Member] \| TOTB Miami, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Interest Expense	166,000
Debt Instrument, Face Amount				13,000,000
Debt Instrument, Additional Terms	2 years
Debt Instrument, Extended Term	1 year
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum	4.25%
Debt Instrument, Interest Rate, Effective Percentage	4.27%
Debt Instrument, Default Rate Increase	8.00%
Deferred Finance Costs, Net				323,000
Amortization of Financing Costs	28,000
Number of Units in Real Estate Property				154
TSV Credit Agreement [Member] \| Minimum [Member] \| TSV Credit Agreement [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Debt Service Coverage Ratio	1.25
TSV Credit Agreement [Member] \| Closing Fee [Member] \| Tahoe Stateline Venture, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Deferred Finance Costs, Net			108,750
TSV Credit Agreement [Member] \| Tahoe Stateline Venture, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.47%
Interest Expense	99,000
Debt Instrument, Face Amount			14,500,000
Deferred Finance Costs, Net			218,000
Amortization of Financing Costs	9,000
Proceeds from Issuance of Debt			10,445,000
Debt Instrument, Unused Borrowing Capacity, Amount			4,055,000
TOTB North, LLC [Member] \| OFG [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Payments to Acquire Interest in Subsidiaries and Affiliates	279,000
TOTB North, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Payments to Acquire Interest in Subsidiaries and Affiliates	1,170,000		453,000
Noncontrolling Interest, Increase from Subsidiary Equity Issuance			108,000
720 LLC[Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Notes Payable					9,771,263
Debt Instrument, Interest Rate, Stated Percentage					6.00%
Interest Expense	142,000	125,000
Tahoe Stateline Venture, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Number of Parcels						9
Interest Paid	6,000	7,000
Interest Payable	$55,000		$19,000

Note_8_Notes_and_Loans_Payable3

Note 8 - Notes and Loans Payable on Real Estate (Details) - Notes and Loans Payable Outstanding (USD $)	Mar. 31, 2015	Dec. 31, 2014
Note 8 - Notes and Loans Payable on Real Estate (Details) - Notes and Loans Payable Outstanding [Line Items]
Debt instrument, outstanding	$38,052,034	$37,569,549
	38,052,034	37,569,549
Tahoe Stateline Venture, LLC Note 1 [Member] \| Tahoe Stateline Venture, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) - Notes and Loans Payable Outstanding [Line Items]
Debt instrument, outstanding	2,900,000	2,900,000
Debt instrument, fixed interest rate		5.00%
	2,900,000	2,900,000
Tahoe Stateline Venture, LLC Note 3 [Member] \| Tahoe Stateline Venture, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) - Notes and Loans Payable Outstanding [Line Items]
Debt instrument, outstanding	500,000	500,000
Debt instrument, fixed interest rate		5.00%
	500,000	500,000
TSV Credit Agreement [Member] \| Tahoe Stateline Venture, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) - Notes and Loans Payable Outstanding [Line Items]
Debt instrument, outstanding	10,401,099	10,445,000
Debt instrument, fixed interest rate		3.47%
	10,401,099	10,445,000
720 LLC[Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) - Notes and Loans Payable Outstanding [Line Items]
Debt instrument, outstanding	9,771,263	9,741,463
Debt instrument, fixed interest rate		6.00%
	9,771,263	9,741,463
TOTB North, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) - Notes and Loans Payable Outstanding [Line Items]
Debt instrument, outstanding	1,579,593	1,007,919
	1,579,593	1,007,919
Debt instrument, effective interest rate		4.50%
TOTB Miami, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) - Notes and Loans Payable Outstanding [Line Items]
Debt instrument, outstanding	12,900,079	12,975,167
	$12,900,079	$12,975,167
Debt instrument, effective interest rate		4.27%

Note_8_Notes_and_Loans_Payable4

Note 8 - Notes and Loans Payable on Real Estate (Details) - Notes and Loans Payable Maturities (USD $)	Mar. 31, 2015	Dec. 31, 2014
Notes and Loans Payable Maturities [Abstract]
2016	$10,339,715
2017	3,492,680
2018	14,653,696
2019	298,242
2020	308,757
Thereafter	8,958,944
	$38,052,034	$37,569,549

Note_9_Transactions_with_Affil1

Note 9 - Transactions with Affiliates (Details) (USD $)	3 Months Ended
Note 9 - Transactions with Affiliates (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Note 9 - Transactions with Affiliates (Details) [Line Items]
Management Fee Expense	$456,389	$420,306
Professional and Contract Services Expense	41,490	38,210
Due to Related Parties	189,103		283,644
Late Fee Income Generated by Servicing Financial Assets, Amount	17,000	1,000
Ancillary Fee Income Generated by Servicing Financial Assets, Amount	2,000	1,000
Loan Fees Earned by OFG	244,000	209,000
Loans and Leases Receivable, Gross	56,934,579		68,033,511
Owens Financial Group, Inc. [Member] \| Management and Service Fees [Member]
Note 9 - Transactions with Affiliates (Details) [Line Items]
Due to Related Parties	142,000		171,000
Owens Financial Group, Inc. [Member]
Note 9 - Transactions with Affiliates (Details) [Line Items]
Due to Related Parties	47,000		113,000
Loans and Leases Receivable, Gross	10,438,000	9,049,000
Related Party Transaction, Amounts of Transaction	131,000	157,000
Related Party Transaction, Purchases from Related Party	1,499,000
OFG Officers [Member]
Note 9 - Transactions with Affiliates (Details) [Line Items]
Related Party Transaction, Amounts of Transaction	1,000	1,000
Investor's Yield, Inc. [Member]
Note 9 - Transactions with Affiliates (Details) [Line Items]
Related Party Transaction, Amounts of Transaction	$7,000	$30,000
Management Fee [Member]
Note 9 - Transactions with Affiliates (Details) [Line Items]
Related Party Transaction, Rate	2.75%
Servicing Fee [Member]
Note 9 - Transactions with Affiliates (Details) [Line Items]
Related Party Transaction, Rate	0.25%

Note_10_Stockholders_Equity_De

Note 10 - Stockholders' Equity (Details) (USD $)	0 Months Ended		3 Months Ended
Note 10 - Stockholders' Equity (Details) (USD $)	19-May-14	Aug. 09, 2013	Mar. 31, 2014	Mar. 31, 2015	Dec. 31, 2014	19-May-14
Stockholders' Equity Note [Abstract]
Stock Repurchase Program, Authorized Amount		$7,000,000
Stock Repurchase Program Authorized Amount Percentage of Outstanding Shares		5.00%
Treasury Stock, Shares (in Shares)			26,208	430,118	430,118	430,118
Treasury Stock, Value, Acquired, Cost Method	$5,349,000		$325,488
Treasury Stock Acquired, Average Cost Per Share (in Dollars per share)	$12.44		$12.42

Note_11_Restricted_Cash_Detail

Note 11 - Restricted Cash (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Note 11 - Restricted Cash (Details) [Line Items]
Restricted Cash and Cash Equivalents	$8,723,582	$6,248,746
Escrow Deposit	195,000	249,000
Contingency Reserves [Member] \| Minimum [Member]
Note 11 - Restricted Cash (Details) [Line Items]
Restricted Cash and Cash Equivalents	7,000,000
Contingency Reserves [Member]
Note 11 - Restricted Cash (Details) [Line Items]
Restricted Cash and Cash Equivalents	3,892,000	3,876,000
Construction Loan Equity Deposit [Member]
Note 11 - Restricted Cash (Details) [Line Items]
Restricted Cash and Cash Equivalents	$1,529,000

Note_12_Fair_Value_Details

Note 12 - Fair Value (Details) (USD $)	3 Months Ended
Note 12 - Fair Value (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2014
Note 12 - Fair Value (Details) [Line Items]
Allowance for Loan and Lease Losses, Adjustments, Net	($87,566)	($127,172)
Impairment of Real Estate	1,109,434	7,540
Excluding Loan Loss Reversal Foreclosed Loan [Member]
Note 12 - Fair Value (Details) [Line Items]
Allowance for Loan and Lease Losses, Adjustments, Net	($3,000)	($73,000)
Limit of Days Until Becoming Delinquent [Member]
Note 12 - Fair Value (Details) [Line Items]
Number of Days Delinquent	90 days

Note_12_Fair_Value_Details_Ass

Note 12 - Fair Value (Details) - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (USD $)	Mar. 31, 2015	Dec. 31, 2014
Commercial Loan [Member] \| Fair Value, Inputs, Level 3 [Member] \| Loans Receivable [Member]
Impaired loans:
Impaired Loans	$526,938	$529,689
Commercial Loan [Member] \| Fair Value, Inputs, Level 3 [Member] \| Real Estate [Member]
Impaired loans:
Impaired Loans		1,292,500
Commercial Loan [Member] \| Loans Receivable [Member]
Impaired loans:
Impaired Loans	526,938	529,689
Commercial Loan [Member] \| Real Estate [Member]
Impaired loans:
Impaired Loans		1,292,500
Residential Mortgage [Member] \| Fair Value, Inputs, Level 3 [Member] \| Loans Receivable [Member]
Impaired loans:
Impaired Loans	6,144,000	6,144,000
Residential Mortgage [Member] \| Loans Receivable [Member]
Impaired loans:
Impaired Loans	6,144,000	6,144,000
Land Loan [Member] \| Fair Value, Inputs, Level 3 [Member] \| Real Estate [Member]
Impaired loans:
Impaired Loans	4,704,000	2,334,773
Land Loan [Member] \| Real Estate [Member]
Impaired loans:
Impaired Loans	4,704,000	2,334,773
Fair Value, Inputs, Level 3 [Member] \| Loans Receivable [Member]
Impaired loans:
Impaired Loans	6,670,938	6,673,689
Fair Value, Inputs, Level 3 [Member] \| Real Estate [Member]
Impaired loans:
Impaired Loans	4,704,000	3,627,273
Loans Receivable [Member]
Impaired loans:
Impaired Loans	6,670,938	6,673,689
Real Estate [Member]
Impaired loans:
Impaired Loans	$4,704,000	$3,627,273

Note_12_Fair_Value_Details_Lev

Note 12 - Fair Value (Details) - Level 3 Fair Value Measurements for Financial Instruments (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Commercial Loan [Member] \| Cost Approach Valuation Technique [Member] \| Impaired Loans [Member] \| Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, estimate of future improvements
Commercial Loan [Member] \| Cost Approach Valuation Technique [Member] \| Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans (in Dollars)	526,938	529,689
Impaired loans, estimate of future improvements	13.60%	13.60%
Commercial Loan [Member] \| Income Approach Valuation Technique [Member] \| Impaired Loans [Member] \| Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, capitalization rate
Commercial Loan [Member] \| Income Approach Valuation Technique [Member] \| Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, capitalization rate	6.50%	6.50%
Commercial Loan [Member] \| Market Approach Valuation Technique [Member] \| Impaired Loans [Member] \| Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, comparable sales adjustment	-59.00%	-59.00%
Commercial Loan [Member] \| Market Approach Valuation Technique [Member] \| Impaired Loans [Member] \| Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, comparable sales adjustment	-2.30%	-2.30%
Commercial Loan [Member] \| Market Approach Valuation Technique [Member] \| Impaired Loans [Member] \| Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, comparable sales adjustment
Commercial Loan [Member] \| Market Approach Valuation Technique [Member] \| Real Estate Properties [Member] \| Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, comparable sales adjustment		-42.00%
Commercial Loan [Member] \| Market Approach Valuation Technique [Member] \| Real Estate Properties [Member] \| Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, comparable sales adjustment		13.40%
Commercial Loan [Member] \| Market Approach Valuation Technique [Member] \| Real Estate Properties [Member] \| Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, comparable sales adjustment
Commercial Loan [Member] \| Market Approach Valuation Technique [Member] \| Real Estate Properties [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans (in Dollars)		1,292,500
Residential Mortgage [Member] \| Cost Approach Valuation Technique [Member] \| Impaired Loans [Member] \| Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, estimate of future improvements
Impaired loans, discount rate
Residential Mortgage [Member] \| Cost Approach Valuation Technique [Member] \| Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans (in Dollars)	6,144,000
Impaired loans, estimate of future improvements	1.80%
Impaired loans, discount rate	12.00%
Residential Mortgage [Member] \| Income Approach Valuation Technique [Member] \| Impaired Loans [Member] \| Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, estimate of future improvements
Residential Mortgage [Member] \| Income Approach Valuation Technique [Member] \| Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans (in Dollars)		6,144,000
Impaired loans, estimate of future improvements		1.80%
Residential Mortgage [Member] \| Market Approach Valuation Technique [Member] \| Impaired Loans [Member] \| Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, comparable sales adjustment	-10.00%	-10.00%
Residential Mortgage [Member] \| Market Approach Valuation Technique [Member] \| Impaired Loans [Member] \| Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, comparable sales adjustment	20.00%	20.00%
Residential Mortgage [Member] \| Market Approach Valuation Technique [Member] \| Impaired Loans [Member] \| Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, discount rate
Impaired loans, comparable sales adjustment
Residential Mortgage [Member] \| Market Approach Valuation Technique [Member] \| Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, discount rate		12.00%
Land Loan [Member] \| Cost Approach Valuation Technique [Member] \| Real Estate Properties [Member] \| Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, discount rate
Land Loan [Member] \| Cost Approach Valuation Technique [Member] \| Real Estate Properties [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, discount rate		8.00%
Land Loan [Member] \| Market Approach Valuation Technique [Member] \| Real Estate Properties [Member] \| Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, comparable sales adjustment		5.00%
Land Loan [Member] \| Market Approach Valuation Technique [Member] \| Real Estate Properties [Member] \| Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, comparable sales adjustment		62.80%
Land Loan [Member] \| Market Approach Valuation Technique [Member] \| Real Estate Properties [Member] \| Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans, comparable sales adjustment
Land Loan [Member] \| Market Approach Valuation Technique [Member] \| Real Estate Properties [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans (in Dollars)	4,704,000	2,334,773
Impaired loans, comparable sales adjustment	-19.00%

Note_12_Fair_Value_Details_Car

Note 12 - Fair Value (Details) - Carrying Amounts and Estimated Fair Values of Financial Instruments (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Financial assets
Cash and cash equivalents	$13,904,244	$1,413,545	$1,422,955	$8,158,734
Cash and cash equivalents, fair value	13,904,000	1,414,000
Restricted Cash, fair value	8,723,582	6,248,746
Loans, net	53,977,658	65,164,156
Loans, net, fair value	53,942,000	66,009,000
Investment in limited liability company	2,185,642	2,142,581
Investment in limited liability company, fair value	2,352,000	2,352,000
Interest and other receivables	1,656,728	1,482,380
Interest and other receivables, fair value	759,000	838,000
Financial liabilities
Due to Manager	189,103	283,644
Due to Manager, fair value	189,103	283,644
Accrued interest payable, fair value	238,000	175,000
Line of credit payable	13,969,000	11,450,000
Line of credit payable, fair value	13,969,000	11,450,000
Notes payable	38,052,034	37,569,549
Notes payable, fair value	38,052,000	37,583,000
Fair Value, Inputs, Level 1 [Member]
Financial assets
Cash and cash equivalents, fair value	13,904,000	1,414,000
Restricted Cash, fair value	8,724,000	6,249,000
Fair Value, Inputs, Level 2 [Member]
Financial liabilities
Due to Manager	189,000	284,000
Due to Manager, fair value	189,000	284,000
Accrued interest payable, fair value	133,000	113,000
Line of credit payable, fair value	13,969,000	11,450,000
Notes payable, fair value	24,881,000	24,428,000
Fair Value, Inputs, Level 3 [Member]
Financial assets
Loans, net, fair value	53,942,000	66,009,000
Investment in limited liability company, fair value	2,352,000	2,352,000
Interest and other receivables, fair value	759,000	838,000
Financial liabilities
Accrued interest payable, fair value	105,000	62,000
Notes payable, fair value	13,171,000	13,155,000
Reported Value Measurement [Member]
Financial assets
Cash and cash equivalents	13,904,000	1,414,000
Restricted Cash	8,724,000	6,249,000
Loans, net	53,978,000	65,164,000
Investment in limited liability company	2,186,000	2,143,000
Interest and other receivables	759,000	838,000
Financial liabilities
Due to Manager	189,000	284,000
Due to Manager, fair value	189,000	284,000
Accrued interest payable	238,000	175,000
Line of credit payable	13,969,000	11,450,000
Notes payable	$38,052,000	$37,570,000

Note_13_Commitments_and_Contin1

Note 13 - Commitments and Contingencies (Details) (USD $)	12 Months Ended	3 Months Ended
Note 13 - Commitments and Contingencies (Details) (USD $)	Dec. 31, 2012	Mar. 31, 2015	Dec. 31, 2014
Note 13 - 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		57,000	60,000
Contractual Obligation		7,521,000
Low Level of Arsenic in Non-Drinking Well Water [Member]
Note 13 - Commitments and Contingencies (Details) [Line Items]
Accrual for Environmental Loss Contingencies		95,000	79,000
Interest Reserves [Member]
Note 13 - Commitments and Contingencies (Details) [Line Items]
Contractual Obligation		1,595,000
New Bathrooms, Modular Offices, and Improvements to Bridge [Member]
Note 13 - Commitments and Contingencies (Details) [Line Items]
Contractual Obligation		785,000
Contractual Obligation, Incurred		451,000
Tahoe Stateline Venture, LLC [Member]
Note 13 - Commitments and Contingencies (Details) [Line Items]
Contractual Obligation		1,585,000
Contractual Obligation, Incurred		504,000
TOTB North, LLC [Member]
Note 13 - Commitments and Contingencies (Details) [Line Items]
Contractual Obligation		20,928,000
Contractual Obligation, Incurred		4,387,000
Other Construction Costs		1,187,000
Construction Costs Incurred and Other Costs		$5,574,000

Note_14_Subsequent_Events_Deta

Note 14 - Subsequent Events (Details) (Revolving Credit Facility [Member], USD $)	0 Months Ended	8 Months Ended	14 Months Ended
	Apr. 21, 2014	Sep. 30, 2014	Mar. 31, 2015	Apr. 21, 2015	Apr. 20, 2015	Feb. 28, 2014
Subsequent Event [Member] \| Prime Rate [Member] \| CB&T [Member]
Note 14 - Subsequent Events (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.25%
Debt Instrument, Basis Spread on Variable Rate	0.25%
Subsequent Event [Member] \| CB&T [Member]
Note 14 - Subsequent Events (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)				$20,000,000
Interest Rate Increases Upon Default	2.00%
Percent Of Note Collateral	75.00%
Percent of Appraised Value, Property Securing Note Collateral	50.00%
Percent Of Appraised Value, Property Owned Qualifying As REO Collateral	50.00%
Loan Processing Fee (in Dollars)	25,000
Subsequent Event [Member] \| CB&T and First Bank [Member]
Note 14 - Subsequent Events (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)				30,000,000
Subsequent Event [Member] \| First Bank [Member]
Note 14 - Subsequent Events (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)				10,000,000
Prime Rate [Member] \| CB&T [Member]
Note 14 - Subsequent Events (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			3.50%
CB&T [Member]
Note 14 - Subsequent Events (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)					20,000,000	20,000,000
Debt Instrument, Basis Spread on Variable Rate		0.25%
Interest Rate Increases Upon Default			2.00%
Loan Processing Fee (in Dollars)			$100,000