INVESTMENT PROPERTIES AND PROPERTIES HELD FOR SALE (Tables)

9 Months Ended

Sep. 30, 2013

Real Estate [Abstract]

Components of Properties Held for Sale

The components of properties held for sale in the balance sheets as of September 30, 2013 and December 31, 2012 are outlined below:

	September 30,		December 31,
	2013		2012
Balance Sheet:
Land	$	0	$	33,991
Properties held for sale	$	0	$	33,991

Components of Discontinued Operations Included in Condensed Statement of Income (Loss)

The components of discontinued operations included in the condensed statement of income (loss) for the three and nine month periods ended September 30, 2013 and 2012 are outlined below:

	Three Month Period Ended					Nine Month Period Ended
	September 30, 2013		September 30, 2012			September 30, 2013		September 30, 2012
	(Unaudited)		(Unaudited)			(Unaudited)		(Unaudited)
Statements of Income (Loss):
Revenues:
Rental income	$	0	$	0		$	0	$	0
Other income		0		0			0		2,500
Net Gain on sale of condemned land		0		0			307,270		0
Total Revenues	$	0	$	0		$	307,270	$	2,500
Expenses:
Insurance expense		0		698			0		2,078
Professional services		0		20			0		2,060
Property tax expense		0		3,785			0		11,356
Other property expenses		0		5,640			0		20,070
Legal Expenses		0		0			2,774		0
Travel Expenses		0		0			1,792		0
Total Expenses	$	0	$	10,144		$	4,566	$	35,564
Net Income (Loss) from Discontinued Operations	$	0		($10,144	)	$	302,704		($33,064	)