CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash Flows from Operating Activities
Net income (loss)	$ (29,614)	$ 901,625
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	2,724,180	1,454,131
Loss from investments in joint venture	208,252	316,857
Depreciation and amortization - discontinued operations		903
Change in operating assets and liabilities
Decrease (Increase) in rents receivable	(6,140)	83,323
(Decrease) in accounts payable and accrued expense	(506,471)	(395,448)
(Increase) Decrease in real estate tax escrow	85,858	104,067
(Increase) Decrease in prepaid expenses and other assets	(478,430)	410,909
Increase in advance rental payments and security deposits	55,810	91,751
Total Adjustments	2,083,059	2,066,493
Net cash provided by operating activities	2,053,445	2,968,118
Cash Flows from Investing Activities
Proceeds from unconsolidated joint ventures	273,083	347,659
Distribution in excess of investment in unconsolidated joint ventures	100,000
(Investment in) unconsolidated joint ventures	(108,083)	(7,659)
Improvement of rental properties	(548,564)	(1,207,528)
Net cash (used in) investing activities	(283,564)	(867,528)
Cash Flows from Financing Activities
Payment of financing costs		(140,162)
Proceeds of mortgage notes payable		15,000,000
Principal payments and payoffs of mortgage notes payable	(3,447,120)	(19,188,118)
Stock buyback	(379,409)	(399,487)
Distributions to partners	(969,207)	(975,298)
Net cash (used in) financing activities	(4,795,736)	(5,703,065)
Net (Decrease) Increase in Cash and Cash Equivalents	(3,025,855)	(3,602,475)
Cash and Cash Equivalents, at beginning of period	14,013,380	6,981,906
Cash and Cash Equivalents, at end of period	$ 10,987,525	$ 3,379,431