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Statement of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Rental Income $ 169,032 $ 236,725 $ 375,462 $ 471,987
Expenses:        
LLC Administration – Affiliates 35,659 32,087 72,875 67,781
LLC Administration and Property Management – Unrelated Parties 38,971 82,130 71,067 107,584
Depreciation and Amortization 96,273 114,579 195,149 228,932
Real Estate Impairment 367,315 0 978,938 0
Total Expenses 538,218 228,796 1,318,029 404,297
Operating Income (Loss) (369,186) 7,929 (942,567) 67,690
Other Income:        
Gain on Sale of Real Estate 436,887 0 436,887 0
Interest Income 4,782 751 6,275 1,068
Total Other Income 441,669 751 443,162 1,068
Net Income 72,483 8,680 (499,405) 68,758
Net Income (Loss) Allocated:        
Managing Members (10,058) 261 (14,982) 2,063
Limited Members $ 82,541 $ 8,419 $ (484,423) $ 66,695
Net Income (Loss) per LLC Unit (in Dollars per share) $ 0.05 $ 0.00 $ (0.28) $ 0.04
Weighted Average Units Outstanding – Basic and Diluted (in Shares) 1,738,006 1,738,006 1,738,006 1,738,006