Can you daisy-chain expenses between properties

[Nick L.]

I'm looking to move into cheap, high cash flow properties. They will generate much more cash flow than can be sheltered through depreciation. 

Can I maximize my deductions by daisy-chaining expenses between properties? So for example Property 1 generates $6k cash but can only depreciate $2500. In the same year, I buy Property 2 and put more than $3500 of repairs into it. Can the repairs on Property 2 offset the tax liability from Property 1?