XML 38 R53.htm IDEA: XBRL DOCUMENT v2.4.0.6
Discontinued Operations (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Schedule showing effect on net income and the gains /(losses) from the sale of properties classified as discontinued operations        
INCOME FROM RENTAL OPERATIONS    $ 11,836    $ 109,294
EXPENSES FROM RENTAL OPERATIONS        
Interest    14,130    66,041
Depreciation and amortization    13,188 1,117 50,375
Real estate taxes 945 1,581 945 27,044
Property management fees    800    6,375
Utilities    1,121    10,738
Repairs and maintenance    (4,040)    5,340
Administrative    2,502 (1,427) 9,313
Total expenses from rental operations 945 29,282 635 175,226
Administration of REIT        
Administrative expenses          15,170
Disposition expenses    80,000 27,975 123,500
Legal and accounting    4,644 1,612 5,926
Total administration of REIT    84,644 29,587 144,596
Total expenses 945 113,926 30,222 319,822
OTHER INCOME        
Interest income       2,915   
Total other income       2,915   
INCOME FROM DISCONTINUED OPERATIONS BEFORE GAIN(LOSS) ON SALE (945) (102,090) (27,307) (210,528)
GAIN (LOSS) ON SALE OF DISCONTINUED OPERATIONS    (66,921) 26,336 300,069
INCOME (LOSS) FROM DISCONTINUED OPERATIONS $ (945) $ (169,011) $ (971) $ 89,541