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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash $ 602,448 $ 639,781
Accounts receivable 9,420 8,188
Deferred rent receivable 88,750
Rental properties, net 7,206,034 7,374,807
Prepaid expenses and other assets 61,195 113,592
Convertible note receivable 100,000
Property and equipment, net 18,949 22,035
Security deposits 1,100 1,100
Total Assets 8,087,896 8,159,503
LIABILITIES:    
Convertible note payable 2,000,000 2,000,000
Convertible note payable - related party 20,000 20,000
Accounts payable 8,152
Accrued expenses 90,911 94,641
Accrued expenses - related party 3,600 3,000
Deferred revenues 1,250 1,750
Security deposits payable 71,800 74,468
Total Liabilities 2,195,713 2,193,859
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized; 2,000,000 shares issued and outstanding at June 30, 2020 and December 31, 2019 ($1.00 per share liquidation preference) 2,000 2,000
Common stock: $0.001 par value, 100,000,000 shares authorized; 12,011,548 and 11,901,548 issued and outstanding at June 30, 2020 and December 31, 2019, respectively 12,012 11,902
Additional paid-in capital 20,848,578 20,806,452
Accumulated deficit (14,970,407) (14,854,710)
Total Stockholders' Equity 5,892,183 5,965,644
Total Liabilities and Stockholders' Equity $ 8,087,896 $ 8,159,503