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Statement of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Rental Income $ 264,184 $ 305,347 $ 514,629 $ 609,568
Expenses:        
LLC Administration – Affiliates 42,888 35,816 85,985 73,221
LLC Administration and Property Management – Unrelated Parties 11,870 12,290 27,552 24,132
Property Acquisition 2,106 0 44,867 0
Depreciation and Amortization 98,020 109,620 183,582 219,240
Total Expenses 154,884 157,726 341,986 316,593
Operating Income 109,300 147,621 172,643 292,975
Other Income:        
Income from Equity Method Investments 310,632 0 501,926 0
Interest Income 800 175 2,278 357
Total Other Income 311,432 175 504,204 357
Net Income 420,732 147,796 676,847 293,332
Net Income Allocated:        
Managing Members 6,614 4,434 10,843 8,800
Limited Members $ 414,118 $ 143,362 $ 666,004 $ 284,532
Net Income per LLC Unit (in Dollars per share) $ 0.24 $ 0.08 $ 0.38 $ 0.16
Weighted Average Units Outstanding – Basic and Diluted (in Shares) 1,756,507 1,776,128 1,764,052 1,778,426