Is profit from one rental offset from another rentals loss? Taxes

[Kraig Krueger]

I have a debt free rental that is showing a profit.  I would like to purchase more properties using leverage.  If these new properties show a loss after expenses, interest, and depreciation can they be used to offset some of the profit from my current property?  Or, is the loss carried forward and only applicable to the actual property that showed the loss?  

Thanks,

Kraig