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Statement of Income (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Rental Income $ 300,193 $ 256,840 $ 577,016 $ 513,681
Expenses:        
LLC Administration – Affiliates 40,322 42,163 81,089 82,519
LLC Administration and Property Management – Unrelated Parties 10,752 8,215 20,369 18,218
Property Acquisition 137 0 25,008 0
Depreciation and Amortization 107,644 93,846 207,669 187,692
Total Expenses 158,855 144,224 334,135 288,429
Operating Income 141,338 112,616 242,881 225,252
Other Income:        
Interest Income 373 454 1,442 990
Income from Continuing Operations 141,711 113,070 244,323 226,242
Income from Discontinued Operations 0 28,611 287,307 57,486
Net Income 141,711 141,681 531,630 283,728
Net Income Allocated:        
Managing Members 10,077 4,251 75,163 8,512
Limited Members 131,634 137,430 456,467 275,216
Total $ 141,711 $ 141,681 $ 531,630 $ 283,728
Income per LLC Unit:        
Continuing Operations (in Dollars per Item) 0.07 0.06 0.13 0.12
Discontinued Operations (in Dollars per Item) 0.00 0.02 0.12 0.03
Total (in Dollars per Item) 0.07 0.08 0.25 0.15
Weighted Average Units Outstanding – Basic and Diluted (in Shares) 1,813,931 1,827,736 1,820,834 1,827,736