Flip income to be invested in Rental property

[Rahul Gupta]

I asked a question about investing 100% of the profits from the Flips in rental properties. I may not have asked the correct questions at the time so I am attempting to ask again.

If i get 100k profit from flip projects, invest the entire amount as a down payment on a rental property, and the depreciation as well as the deductions come out to to be 100k, would my taxable income be considered 0 for that year?