CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2011	Dec. 31, 2010
Assets
Real estate land holdings, at cost	$ 4,783,673	$ 3,832,399
Notes receivable and accrued interest - affiliates	2,994,196	2,688,459
Cash and cash equivalents	942	151
Other Assets	106,636	0
Federal income tax receivable	0	636
Deferred tax asset	1,696	1,696
Total assets	7,887,143	6,523,341
Liabilities and Shareholders' Equity
Notes payable and accrued interest - affiliates	6,368,083	5,535,275
Notes payable - bank	500,000	0
Accounts payable - other	49,588	52,566
Accounts payable - affiliates	239,183	54,560
Total liabilities	7,156,854	5,642,401
Shareholders' equity
Common stock, $0.01 par value; 40,000,000 shares authorized; 1,057,628 issued and outstanding	10,576	10,576
Preferred stock, $0.01 par value; 4,960,000 shares authorized; none issued or outstanding	0	0
Paid in capital	1,376,682	1,376,682
Retained earnings (deficit)	(656,969)	(506,318)
Total shareholders' equity	730,289	880,940
Total liabilities and shareholders' equity	$ 7,887,143	$ 6,523,341