Note 4 - Investment in Real Estate

6 Months Ended

Jun. 30, 2016

Real Estate [Abstract]

Note 4 - Investment in Real Estate

4.       Investment in Real Estate

	June 30, 2016			December 31, 2015
Cost of real estate properties	$	10,667,092		$	9,220,379
Accumulated depreciation		(283,624	)		(223,450	)
Balance at the end of the period	$	10,383,468		$	8,996,929

On April 11, 2016, the Company purchased two single family homes and two parcels of land for the purchase price of $1,650,000. Consideration given for the purchase consisted of 722,883 shares of common stock issued worth $1,085,726, the assumption of debt totaling to $563,755 and cash paid of $519. Of the $1,650,000 purchase price for the real estate, $1,039,420 was allocated to land and $610,580 was allocated to buildings.

During the six month period ended June 30, 2016, the Company recorded depreciation expense of $65,155 (2015 - $40,281).