Fair enough. Cash today is better than maybe more cash (or no cash) tomorrow !
Doing a simple math: buy for $300,000 and rent for $1600/month. PM fee of say 10% is $160/month or about $2000 in a year .. times 5 years = $10,000. Give or take.
Asset goes from $300,000 to $340,000 in 5 years, i.e. $40,000 equity plus mortgage goes from $240,000 (assuming 20% down) to $210,000 so another $30,000 equity. $70,000 equity gain. Times 10% = $7,000. Times 15% = $10,500.
Q.E.D.