SFR First Year Tax Deductions

[Jeff Severson]

I am a newbie. If I purchased a SFR income property for $200,000, can you give me the typical range of the dollar amount of bonus depreciation and/or Section 179 deductions that would result in the first year? Would the deductions be the same for personal property I purchased to improve the property (new) vs personal property that existed at the time of purchase? I do realize there are limitations to how much of the deductions may be used.