Investment Properties and Properties Held for Sale (Tables)

6 Months Ended

Jun. 30, 2015

Real Estate [Abstract]

Components of Discontinued Operations Included in Statements of Income (Loss)

The components of discontinued operations included in the condensed statement of income (loss) for the three and six month periods ended June 30, 2015 and 2014 are outlined below:

	Three Month Period ended June 30, 2015			Three Month Period ended June 30, 2014			Six Month Period ended June 30, 2015			Six Month Period ended June 30, 2014
Statements of Income (Loss):
Revenues:
Rental income	$	0		$	11,100		$	0		$	27,750
Total Revenues	$	0		$	11,100		$	0		$	27,750
Expenses:
Bad debt expense	$	0		$	31,116		$	0		$	31,116
Insurance expense		0			235			0			235
Property tax expense		0			1,629			0			1,629
Other property expenses		(75	)		306			67			306
Legal expenses		0			0			0			0
Depreciation & amortization		0			3,984			0			8,117
Total Expenses	$	(75	)	$	37,270		$	67		$	41,403
Net Income (Loss) from Discontinued Operations	$	75		$	(26,170	)	$	(67	)	$	(13,653	)