Schedule C is BUSINESS income.
You will be charged Self-Employment (FICA) tax on your income.
The income will be considered as "Earned Income". (Could increase or decrease credits, would affect social security)
Schedule E is PASSIVE income.
You are not subject to Self-Employment tax.
The income is not considered as earned. (Does not affect taxability of Social Security)
There is the option of claiming the safe harbor for rentals which allows you to expense (some) assets rather than depreciate them. This can be done WITHOUT making the rental (Schedule E) a business (Schedule C).
Is this what you want to do, claim safe harbor for expensing?
Here is a link that might help.
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