Investment Properties and Properties Held for Sale (Tables)

9 Months Ended

Sep. 30, 2017

Real Estate [Abstract]

Components of Properties Held for Sale

The components of property held for sale in the balance sheets as of September 30, 2017 and December 31, 2016 are outlined below:

	September 30, 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 condensed statement of income (loss) for the three and nine month periods ended September 30, 2017 and 2016 are outlined below:

	Three Months Ended					Nine Months Ended
	September 30,			September 30,		September 30,			September 30,
	2017			2016		2017			2016
Revenues
Base Rent	$	-		$	21,030	$	-		$	63,090
Total Revenues	$	-		$	21,030	$	-		$	63,090
Expenses
Insurance	$	519		$	-	$	1,555		$	-
Property tax expense		1,500			-		4,500			-
Maintenance expense		1,709			-		5,212			-
Property Appraisal					-		1,650			2,500
Depreciation		-			2,804		-			8,411
Amortization		-			620		-			1,862
Total Expenses	$	3,728		$	3,424	$	12,917		$	12,773
Net (Loss) Income from Discontinued Operations	$	(3,728	)	$	17,606	$	(12,917	)	$	50,317