Residential Properties	6 Months Ended
Jun. 30, 2020
Residential Properties
Residential Properties	NOTE 6. RESIDENTIAL PROPERTIES At June 30, 2020, we owned 83 single-family residential properties, which are all located in Southeastern Florida, and are carried at a total cost, net of accumulated depreciation, of approximately $13.1 million. At December 31, 2019, we owned 85 properties at a net cost of approximately $13.5 million. The income from these properties is included in our consolidated statements of operations as “Income-rental properties.” The expenses on these properties are included in our consolidated statements of operations in “Rental properties depreciation and expenses.” During the three months ended June 30, 2020, we sold one property and realized a gain of approximately $45 thousand. During the six months ended June 30, 2020, we sold two properties and realized a gain of approximately $123 thousand.

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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