When working through the Rental & Royalty Income section for the first time, it's important to pay attention to the small print on every single screen. If entered correctly, the program (not you) will automatically set up residential rental real estate for 27.5 year depreciation.
Even after doing so, make sure you double-check in the Assets/Depreciation section that it is "in fact" entered there correctly. I've seen situations where they enter all the information, and then there's absolutely nothing in the assets/depreciation section.
