Typically, long term residential rental real estate is reported on SCH E. It would only be reported on SCH C if it met the requirements to qualify as an "active trade or business", which is not at all common for long term residential rental real estate. It's not impossible; but it's not common.
If it does qualify as an active trade or business (doubtful, but not impossible) and you report it on SCH C, then it gets depreciated over 39 years; not 27.5 years.
If this is the only rental property you own, I have doubts that it qualifies as your active trade or business.
