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Discontinued Operations (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Dec. 31, 2012
Revenues:          
Rental $ 858,109 $ 860,954 $ 2,656,689 $ 2,755,212  
General and administrative expenes 0 2,371 0 6,004  
Rental property expenses:          
Operating 539,657 714,851 1,744,117 1,859,873  
Interest on mortgage debt 556,131 502,028 1,673,956 1,661,279  
Real estate taxes 78,742 78,742 236,122 236,227  
Amortization of in place lease values 0 0 0 3,456  
Total expense 1,174,530 1,297,992 3,654,195 3,766,839  
Investment income 672 761 2,062 2,577  
Loss from discontinued operations (315,749) (436,277) (995,444) (1,009,050)  
Net gain from foreclosure of discontinued operations 4,684,012 0 4,684,012 0  
Net Income (loss) from discontinued operations 4,368,263 (436,277) 3,688,568 (1,009,050)  
Assets related to discontinued operations:          
Land 0   0   1,905,985
Buildings 0   0   13,829,390
Furniture and equipment 0   0   6,375
Less: accumulated depreciation 0   0   (2,087,424)
Net real estate 0   0   13,654,326
Other assets 49,881   49,881   544,480
Total assets related to discontinued operations 49,881   49,881   14,198,806
Liabilities related to discontinued operations:          
Mortgage debt 0   0   14,009,797
Mortgage related interest and fees 0   0   3,287,507
Other liabilities 18,867   18,867   546,185
Total liabilities related to discontinued operations $ 18,867   $ 18,867   $ 17,843,489