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Discontinued Operations (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Revenues:          
Rental $ 902,928 $ 942,340 $ 1,798,580 $ 1,894,258  
General and administrative expenes 0 0 0 3,633  
Rental property expenses:          
Operating 618,879 544,128 1,204,460 1,145,022  
Interest on mortgage debt 555,783 582,548 1,117,825 1,159,251  
Real estate taxes 78,742 78,743 157,380 157,485  
Amotization 0 3,456 0 3,456  
Total expense 1,253,404 1,208,875 2,479,665 2,468,847  
Investment income 701 1,816 1,390 1,816  
Total loss from discontinued operations (349,775) (264,719) (679,695) (572,773)  
Assets related to discontinued operations:          
Land 1,905,985   1,905,985   1,905,985
Buildings 13,851,232   13,851,232   13,829,390
Furniture and equipment 6,375   6,375   6,375
Less: accumulated depreciation (2,087,424)   (2,087,424)   (2,087,424)
Net real estate 13,676,168   13,676,168   13,654,326
Other assets 604,213   604,213   544,480
Total assets related to discontinued operations 14,280,381   14,280,381   14,198,806
Liabilities related to discontinued operations:          
Mortgage debt 13,910,592   13,910,592   14,009,797
Mortgage related interest and fees 4,052,063   4,052,063   3,287,507
Other liabilities 570,135   570,135   546,185
Total liabilities related to discontinued operations $ 18,532,790   $ 18,532,790   $ 17,843,489