How much is your annual rental income as compared to purchase price? Let's say 4% (price to rent ratio of 25).
and the depreciation of a strucutre (let's say 1/2 of the purchase price) is still nearly 2% of property value.
So HALF of your rental income are washed out by depreciation.
Next, your mortgage interest, property tax (usually more than 1% of property value) and other expenses would take a good chunk away from rental income.
Usually you comes out negative with mortgage and depreciation.