And I’m building equity (icing on the cake).Granted there are some assumptions made (which I think are entirely reasonable) and even though I am not a math major, it makes sense to me to invest.If I were you, I would consider how fast I could pay off my loans versus how quickly I could slowly, cautiously build cashflow.

If it’s up and coming that’s great, if the population growth is showing an increase ,that’s good too but those are icing on the cake . 

Icing on the cake as they say 

Your agent is trying to sugar coat a bad deal to make the sale..Yes depreciation and tax benefits are a part of the total equation, but they are the icing on the cake.....not the cake itself.

I'm sure some other people can chime in about the loan aspect of it, but in general, your decision to buy a property or not should be based on what the cash-flow, appreciation, and amortization of the property are. and the tax benefits are just an icing on the cake.

Closest thing to having your cake and eating it too. :)

Maybe you can go to your local police station and invite the police officers on the night shift to join you for coffee & cake (Thursday, Friday & Saturday).

@Michael Siladi, You can actually have your cake and eat it too on this one!!!!

Wait for better deal and have cake and eat it too.

Piece of cake!