XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Statement of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Rental Income $ 442,549 $ 481,972 $ 1,358,599 $ 1,487,771
Expenses:        
LLC Administration – Affiliates 62,833 68,100 178,593 202,672
LLC Administration and Property Management – Unrelated Parties 34,358 45,990 103,472 152,248
Depreciation and Amortization 220,934 212,512 634,273 647,540
Real Estate Impairment 0 298,990 0 910,613
Total Expenses 318,125 625,592 916,338 1,913,073
Operating Income (Loss) 124,424 (143,620) 442,261 (425,302)
Other Income:        
Gain on Sale of Real Estate 0 0 165,255 338,843
Interest Income 391 11,891 6,896 28,029
Total Other Income 391 11,891 172,151 366,872
Net Income 124,815 (131,729) 614,412 (58,430)
Net Income (Loss) Allocated:        
Managing Members 12,404 (3,952) 129,609 (1,753)
Limited Members $ 112,411 $ (127,777) $ 484,803 $ (56,677)
Net Income (Loss) per LLC Unit (in Dollars per share) $ 2.89 $ (3.26) $ 12.44 $ (1.44)
Weighted Average Units Outstanding – Basic and Diluted (in Shares) 38,962 39,252 38,962 39,442