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Consolidated Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Rental income $ 342,437 $ 0 $ 455,076 $ 0
Interest income 1,505 102 1,787 350
Total revenues 343,942 102 456,863 350
Expenses:        
Rental operating 230,517 0 270,542 0
Acquisition costs 60,053 0 329,444 0
Management fees - related parties 8,683 0 59,228 0
General and administrative 430,186 0 1,117,506 0
Loss on disposal of assets 0 0 198,840 0
Depreciation and amortization expense 193,910 0 277,249 0
Total expenses 923,349 0 2,252,809 0
(Loss) income before other expense (579,407) 102 (1,795,946) 350
Other expense:        
Interest expense 53,523 0 69,880 0
Net (loss) income (632,930) 102 (1,865,826) 350
Other comprehensive loss:        
Designated derivative, fair value adjustment (2,300) 0 (9,904) 0
Comprehensive (loss) income $ (635,230) $ 102 $ (1,875,730) $ 350
Weighted average common shares outstanding (in shares) 988,610 20,000 827,730 20,000
Basic and diluted (loss) earnings per common share $ (0.64) $ 0.01 $ (2.25) $ 0.02