Properties may be owned by anyone regardless of citizenship or country, as long as the entity pays US taxes.
The more recently purchased (placed into service) the building is, the bigger the tax benefit. Buildings constructed or purchased in 2010, 2018 or 2019 are subject to 100% bonus depreciation for 5,7 & 15-year property and newer purchases or constructed buildings may be able to achieve up to 50% or larger benefit. Other years can be up to 30-40%. We prefer to only do residential rentals if they are very large or there are many owned by the same entity.
If we are brought in to consult during the architecture stage, we will make recommendations that result in maximizing your tax benefits.