CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash Flows from Operating Activities
Net income	$ 4,377,941	$ 2,211,351
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	5,982,753	6,088,148
Amortization of deferred finance costs	94,269	93,986
(Income) from investments in joint venture	(1,731,062)	(658,082)
Change in operating assets and liabilities
Decrease in rents receivable	95,021	(65,414)
(Decrease) in accounts payable and accrued expense	(1,323,974)	(1,940,803)
Decrease in insurance recovery receivable	632,661	177,514
Decrease (Increase) in real estate tax escrow	(25,182)	(20,463)
Decrease in prepaid expenses and other assets	(90,772)	600,109
Increase in advance rental payments and security deposits	247,308	331,900
Total Adjustments	3,881,022	4,606,895
Net cash provided by operating activities	8,258,963	6,818,246
Cash Flows From Investing Activities
Proceeds from unconsolidated joint ventures	3,322,250	1,331,282
Distribution in excess of investment in unconsolidated joint ventures	334,767	300,000
(Investment) in unconsolidated joint ventures	(2,441,517)	(53,782)
Deposit and escrow held for the acquisition of real estate	(620,129)
Improvement of rental properties	(2,214,020)	(2,771,798)
Net cash (used in) investing activities	(1,618,649)	(1,194,298)
Cash Flows from Financing Activities
Payment of financing costs		(174,718)
Proceeds of mortgage notes payable		20,071,000
Payment of note payable		(25,000,000)
Principal payments of mortgage notes payable	(869,228)	(360,178)
Stock buyback	(42,548)	(694,380)
Distributions to partners	(2,239,168)	(1,873,850)
Net cash (used in) financing activities	(3,150,944)	(8,032,126)
Net (Decrease) in Cash and Cash Equivalents	3,489,370	(2,408,178)
Cash and Cash Equivalents, at beginning of period	7,463,697	10,298,186
Cash and Cash Equivalents, at end of period	$ 10,953,067	$ 7,890,008