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Note 1 - Organization and Summary of Significant Accounting Policies: Mortgage Note Receivable (Policies)
3 Months Ended
Mar. 31, 2014
Policies  
Mortgage Note Receivable

Mortgage Note Receivable

 

The Partnership reviews its mortgage note receivable whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable.  The Partnership has recorded its mortgage note receivable at March 31, 2014 and December 31, 2013 at the amount at which the Partnership ultimately expects to receive. No impairment was recognized during the three months ended March 31, 2014 or 2013.  See “Note 3 – Mortgage Note Receivable” for further information.