Taxes on house flips

[Gary Cornwell]

If I were to flip a house, will the earnings be offset at all by the depreciation of other rental properties that I have?  So for example, if I have 200K a year in depreciation on properties that are not being flipped, but make 300k on a flip, will the 200k depreciation offset the short term capital gains of the flip (300k) to where I would only own short term cap gains on 100k?

I'm in Texas, if that matters.

Thank you!