Investment Properties and Properties Held for Sale (Tables)

3 Months Ended

Mar. 31, 2017

Real Estate [Abstract]

Components of Properties Held for Sale

The components of property held for sale in the balance sheets as of March 31, 2017 and December 31, 2016 are outlined below:

	March 31 2017		December 31, 2016
Balance Sheet:
Land	$	266,175	$	266,175
Buildings, net		50,976		50,976
Properties held for sale	$	317,151	$	317,151

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

The components of discontinued operations included in the statements of income for the three months ended March 31, 2017 and 2016 are outlined below:

	March 31 2017			December 31, 2016
Revenues
Base Rent	$	-		$	21,031
Total Revenues	$	-		$	21,031
Expenses
Insurance	$	518		$	-
Property tax expense		1,500			-
Maintenance expense		1,453			-
Depreciation		-			2,804
Amortization		-			621
Total Expenses	$	3,471		$	3,425
Net (Loss) Income from Discontinued Operations	$	(3,471	)	$	17,606