UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND
A  MICHIGAN LIMITED PARTNERSHIP
STATEMENTS OF CASH FLOWS
	NINE MONTHS ENDED
	September 30, 2004	September 30,2003
	(unaudited)	(unaudited)
Cash Flows From Operating Activities:
Net Income	$97,029	$724,682
Adjustments To Reconcile Net Income
To Net Cash Provided By
Operating Activities:
Depreciation	649,905	637,423
Amortization	64,500	64,500
(Increase) Decrease In Homes & Improvements	71,689	(366,381)
(Increase) Decrease In Other Assets	(9,200)	(667,219)
Increase (Decrease) In Accounts Payable	48,731	111,306
Increase (Decrease) In Other Liabilities	314,841	414,500
Total Adjustments:	1,140,466	194,129
Net Cash Provided By
Operating Activities	1,237,495	918,811
Cash Flows From  Investing Activities:
Capital Expenditures	(228,620)	(52,375)
Net Cash Used In
Investing Activities  Activities	(228,620)	(52,375)
Cash Flows From Financing Activities:
Net Borrowing (Payment) on Line of Credit	126,236	(90,755)
Distributions To Partners	(805,375)	(786,000)
Principal Payments on Mortgage	(282,263)	(274,995)
Net Cash  Used In Financing Activities	(961,402)	(1,151,750)
Increase (Decrease) In Cash and Cash Equivalents	47,473	(285,314)
Cash and Cash Equivalents, Beginning	258,423	607,207
Cash and Cash Equivalents, Ending	$305,896	$321,893
See Notes to Financial Statements
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