Can you deduct depreciation if your S-corp manages your property?

[Ellie Narie]

If you have a rental and set up an S-corp that will take 100% of the profits from the rental (can you do this to begin with? to avoid self-employment tax), and the S-corp's income will pass over to you, can you still deduct the depreciation of your rental? You own the rental in your name, NOT in the S-corp, and you have the mortgage of the rental in your name.