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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2010
Going Concern Basis [Member]
Cash Flows from Operating Activities: 
Cash received from rental properties$ 3,975,458
Interest received465,141
Miscellaneous income10,042
Interest paid on rental property mortgage debt(891,742)
Cash disbursed for rental property operations(2,897,223)
Cash disbursed for general and administrative costs(2,245,100)
Net cash used in operating activities(1,583,424)
Cash Flows from Investing Activities: 
Payments received on notes receivable23,850
Proceeds from sales of properties2,349,850
Payments received on settlement of joint venture loan650,000
Payments disbursed for additions and improvements(124,417)
Proceeds from sales of securities750,900
Net cash provided by investing activities3,650,183
Cash Flows from Financing Activities: 
Principal payments on mortgage debt(2,574,552)
Proceeds of mortgage refinancing1,250,000
Payments disbursed for mortgage costs(40,660)
Net cash used in financing activities(1,365,212)
Net Increase in Cash and Cash Equivalents701,547
Cash and Cash Equivalents, Beginning of Period784,674
Cash and Cash Equivalents, End of Period$ 1,486,221