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DISCONTINUED OPERATIONS AND SALES OF REAL ESTATE (Details) (USD $)
3 Months Ended 9 Months Ended 3 Months Ended
Sep. 30, 2011
Sep. 30, 2011
Jun. 30, 2011
Avon Street Apartments
DISCONTINUED OPERATIONS AND SALES OF REAL ESTATE      
Total Revenues   $ 349,548  
Operating and other expenses   235,441  
Depreciation and amortization - discontinued operations   30,295  
Total Expenses   267,981  
Income from discontinued operations (2,245) 81,567  
Gain on the sale of Avon Street:      
Sales price of real estate properties     8,750,000
Net book value     (594,035)
Expense of sale     (435,506)
Gain on the sale of real estate $ (808) $ 7,720,459 $ 7,720,459