Oh yeah, one other thing too. If you have more than 3 rentals, then that means you have more than one SCH E. In that case, line 24/25 (whichever applies) only applies to the properties listed on that specific SCH E. So if the property that has a positive cash flow is the only property listed on that particular SCH E, then that particular SCH E will show a taxable gain on line 24.
