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Rental Property, Net
 9 Months Ended
Sep. 30, 2014
Real Estate [Abstract]  
Rental Property, Net
RENTAL PROPERTY, NET
The Company’s investment in a rental property consisted of the following:
 
September 30,
2014
 
December 31, 2013
Land
$
1,888,982

 
$
—

Building and improvements
7,060,815

 
—

Furniture, fixtures and equipment
54,316

 
—

Construction in progress
4,079

 
—


9,008,192

 
—

Less: accumulated depreciation
(101,567
)
 
—


$
8,906,625

 
$
—

    
Depreciation expense for the three and nine months ended September 30, 2014 was $76,790