Interested in hearing tax implications related to buying short term rental property (out of state)

let's say buy in 2023 , property cost 500k (building cost 300k,land 200k)

would i be able to use bonus depreciation i.e 100% of building cost 300k (similar to 179 fir vehicles etc, probably 80% due to this year its reduced) or maybe split total cost for depreciation in 5 years or so,  when i buy investment property and use as a short-term rental ?