Great answer above and I will simply reiterate that utilizing leverage at low rates to invest in other cash producing assets creates arbitrage and so long as you use the leverage responsibly and you do not over extend, I think it is a great idea.

@Santiago LozanoHR Block tax software is great if your tax profile is simple(W-2 and maybe some interest/dividends).

This is your time to shine (sorry, meant control the asset, tenant screening process, and potentially doing a light rehab lol). 

The asset is being managed by another.

I am looking for recommendations on the best receipt tracking app that will allow me to export data my accounting software.

through software?

It is an asset protection vehicle if managed properly. 

We do have small, industry standard, fees (acquisition, asset mngt, & possibly a capital transaction) built in for qualifying for the loan, having the track record, managing the business, finding the opportunity, etc...Again I think it depends on how YOU feel about the terms & your relationship with your partner.I hope this helps!

*Provide information about rental rates and other terms and conditions of the rental, as set out in a schedule provided by the owner, and*Accept deposits, fees for credit checks, and other administrative duties, security deposits, and rent*Provide preprinted rental applications and respond to applicants’ inquiries about the application*Show rental units to prospective tenantsAs you can see, a non-licensed, non-resident manager is limited to performing rather routine tasks that don’t call for initiative or decision making.For instance, this manager would not be qualified to negotiate a lease (4), deal with late rents or other violations of the rental agreement or lease (5), or appear in court on your behalf (6).(1) My property manager does NOT live on any of the owners properties.(2) My property manager is unlicensed.(3) My property manager supervises 10 different properties.(4) My property manager has negotiated leases for 12 years without a license.(5) My property manager has dealt with late rents and violations.(6) Unknown

That also depends on if you're even talking about real estate as an asset class.