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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Revenues:    
Rental $ 938,903 $ 931,844
Interest on mortgages - notes receivable 200
Total Revenue 938,903 932,044
Costs and Expenses:    
General and administrative 1,001,853 914,882
Rental property:    
Operating expenses 557,176 566,610
Interest expense and amortization of mortgage costs 121,468 93,475
Real estate taxes 41,697 41,069
Depreciation on real estate 44,550 50,905
Total Costs and Expenes 1,766,744 1,666,941
Other Income:    
Gain on the extinguishment of debt 228,261
Investment income 1,523 11,259
Net loss $ (826,318) $ (495,377)
Net loss per Common Share -basic and diluted (in dollars per share) $ (0.19) $ (0.12)
Weighted Average Number of Shares Outstanding -    
basic (in shares) 4,288,680 4,288,680
diluted (in shares) 4,288,680 4,288,680