The way I read that clause, if you and the landlord cannot agree on what rooms to paint and the painting is not complete within 3 months then that clause does not take effect.

I did not read the rules around security deposits. you may be allowed to use those funds and still file a small claims action for any remainder, but I can't imagine that it would be worth it if you have at least one month's rent in security deposit. 

STR standard depreciation is 39 years @Andy Lanyi@Jonathan Cooper even if you take Bonus Depreciation as @Basit Siddiqi highlighted the remainder 40% will be prorated using the Half-year convention or Mid-quarter convention used in line with what you read in IRS Pub 946 

I would like to hear others on their thoughts because I would like to join his private money club.Thanks for taking your time and reading.

From what I’ve read in the Wall Street Journal, average rents in Providence are up about 15% over the last two years, which could work in your favor.

As the legally required small print in the offering of financial products reads: "Past performance is no guarantee of future performance".

Penny Penny, PLEASE take a moment to go to the Syndication FORUM here on Bigger Pockets and read the innumerable stories of investors who have had their distributions stop shortly after investing, lost principal, or now have their capital tied up for TWICE as long coupled with no distributions. 

That's what I've heard from others and read online as well.

Then I read Rich Dad, poor dad which completely changed my mindset.

I have actually been impressed by what I have read from some of the syndicators who post on here.