Investment Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2017

Real Estate [Abstract]

Schedule of Estimated Fair Value of Assets Acquired

	Fair Value at Acquisition Date
	2017 Acquisitions		2016 Acquisitions
Assets Acquired:
Land	$	13,601,000	$	2,000,000
Depreciable Property		46,416,000		5,277,000
Notes Receivable and Other		4,070,000		-0-
Total Assets Acquired	$	64,087,000	$	7,277,000

Schedule of Community Net Operating Income and Net Income (Loss) Acquired

Total Income, Community Net Operating Income (“Community NOI”)* and Net Income (Loss) for communities acquired in 2017 and 2016, which are included in our Consolidated Statements of Income (Loss) for the years ended December 31, 2017 and 2016, are as follows:

	2017 Acquisitions		2016 Acquisitions
	2017		2017			2016
Total Income	$	4,732,307	$	980,968		$	172,050
Community NOI *	$	2,398,652	$	354,416		$	103,578
Net Income (Loss)	$	211,468	$	(242,682	)	$	3,051

*Community NOI is defined as rental and related income less community operating expenses.

Summary of Accumulated Depreciation by Major Classes of Assets

The following is a summary of accumulated depreciation by major classes of assets:

	December 31, 2017		December 31, 2016
Site and Land Improvements	$	114,617,282	$	99,161,090
Buildings and Improvements		5,779,146		4,947,543
Rental Homes and Accessories		33,621,420		24,906,990
Equipment and Vehicles		12,426,664		11,239,980
Total Accumulated Depreciation	$	166,444,512	$	140,255,603