CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash Flows from Operating Activities
Net income	$ 3,264,759	$ 1,931,883
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	7,272,918	7,569,031
Amortization of deferred finance costs	225,494	106,383
(Income) from investments in joint venture	(1,062,345)	(539,261)
Change in operating assets and liabilities
Distribution from unconsolidated joint ventures	770,000	3,507,500
Decrease in rents receivable	156,848	(234,785)
Increrase (Decrease) in accounts payable and accrued expense	474,466	315,097
Decrease (Increase) in real estate tax escrow	49,347	10,411
(Increase) in prepaid expenses and other assets	(62,380)	(560,152)
Increase in advance rental payments and security deposits	822,139	300,011
Total Adjustments	8,646,487	10,474,235
Net cash provided by operating activities	11,911,246	12,406,118
Cash Flows From Investing Activities
Distribution in excess of investment in unconsolidated joint ventures	1,597,152	17,665,236
(Investment) in unconsolidated joint ventures	(19,152)	(1,038,567)
Improvement of rental properties	(1,715,987)	(1,957,724)
Purchase of rental property		(13,213,294)
Net cash (used in) investing activities	(137,987)	1,455,651
Cash Flows from Financing Activities
Payment of financing costs	(235,147)	(148,004)
Proceeds of mortgage notes payable	679,000	83,684
Payment of line of credit		(8,000,000)
Payment of note payable	(2,000,000)	(907,265)
Principal payments of mortgage notes payable	(1,028,035)
Stock buyback	(3,305,651)
Distributions to partners	(2,352,443)	(2,238,962)
Net cash (used in) provided by financing activities	(8,242,276)	(11,210,547)
Net Increase in Cash and Cash Equivalents	3,530,983	2,651,222
Cash and Cash Equivalents, at beginning of period	9,059,901	7,238,905
Cash and Cash Equivalents, at end of period	$ 12,590,884	$ 9,890,127