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.

I would read up on the requirements of an S Corp.

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.

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

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

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

Always pay on time, take care of their units as if they were their own, etc.

I could have put three B class doubles in front of you with good numbers before you finished reading this... time is money!

absolutely... but be careful... be smart in what you invest in... trust me my friend https://www.biggerpockets.com/...take warning ... be smart... be vigilant