Best passive investments for a 1031 exchange

[Jared Friedman]

I’m selling my California rental property and need some ideas on where to deploy my money. My place is worth $425k and I have a $72k mortgage. After realtor fees etc I should probably wind up with about $310-$320k cash in hand and I will need to purchase at least $425k worth of properties so I’ll need to use some leverage.

Other than turnkey rentals what are the best options for passive investments? Are there any reputable crowdfunding sites that allow 1031 exchange funds? What have others done that want the least amount of hassle in the real estate investments?