I like Kris's response better. 🙂 Just one note of clarification.
if at least 250 hours of services are performed each tax year with respect to the enterprise.
The services do not have to be provided directly by the owner. They can be provided by another entity contracted and paid by that owner to perform those services. If you paid a property manager to provide those services, that's the same as you personally providing those services. The 250 hours can be tricky. Just make sure you have the documentation to prove it, in case you're ever audited.
I myself have three rentals, and even if I have all three rentals go empty in the same tax year, (meaning I "do work/provided services getting property ready for the next tenant) I can't even break 100 hours. So for me, 250 hours in a single tax year, even among all three properties combined, is just never going to happen.
