In calculating on rental property cost/benefit, is it appropriate to consider annual depreciation amount that an investor gets to deduct from income tax filing as part of profit?

Hello,We are getting started on our 2019 taxes and I have a question regarding repair deductions.

This return % does not include other benefits such as interest deductions from my taxable salary, appreciation of the underlying asset or the fact that each month I own a little more of the property since my mortgage is amortizing.

There are some minor repairs/improvements we are hoping to do to the place before renting and I am a bit confused in regards to the timing of all this, if we are to have a lease start 4/22, when can we do work on the place and still deduct/depreciate?

Bunch of rental income but after deductions a net of ~$700/month...Wife W2 over 100K.

Can I still deduct their labor cost on my taxes?

You should also deduct all maintenance/utilities and whatever else they may have paid on your behalf. 

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?   

There may be other deduction and they might consider hiring an experienced tax consultant and to use that expense as a business expense that will offset their gain from selling. 

That 20% is about all the cash I have saved, I do not want to dip into my 401(k) because of all the taxes and fees that would be deducted.