CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash Flows from Operating Activities
Net income	$ 1,931,883	$ 4,377,941
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	7,569,031	5,982,753
Amortization of deferred finance costs	106,383	94,269
(Income) from investments in joint venture	(539,261)	(1,731,062)
Change in operating assets and liabilities
Distribution from unconsolidated joint ventures	3,507,500	3,322,250
Decrease in rents receivable	(234,785)	95,021
Increrase (Decrease) in accounts payable and accrued expense	315,097	(1,323,974)
Decrease in insurance recovery receivable		632,661
Decrease (Increase) in real estate tax escrow	10,411	(25,182)
(Increase) in prepaid expenses and other assets	(560,152)	(90,772)
Increase in advance rental payments and security deposits	300,011	247,308
Total Adjustments	10,474,235	7,203,272
Net cash provided by operating activities	12,406,118	11,581,213
Cash Flows From Investing Activities
Distribution in excess of investment in unconsolidated joint ventures	17,665,236	334,767
(Investment) in unconsolidated joint ventures	(1,038,567)	(2,441,517)
Improvement of rental properties	(1,957,724)	(620,129)
Purchase of rental property	(13,213,294)	(2,214,020)
Net cash provided by (used in) investing activities	1,455,651	(4,940,899)
Cash Flows from Financing Activities
Payment of financing costs	(148,004)
Proceeds of mortgage notes payable	83,684
Payment on line of credit	(8,000,000)
Principal payments of mortgage notes payable	(907,265)	(869,228)
Stock buyback		(42,548)
Distributions to partners	(2,238,962)	(2,239,168)
Net cash (used in) financing activities	(11,210,547)	(3,150,944)
Net Increase in Cash and Cash Equivalents	2,651,222	3,489,370
Cash and Cash Equivalents, at beginning of period	7,238,905	7,463,697
Cash and Cash Equivalents, at end of period	$ 9,890,127	$ 10,953,067