You may have to talk to the right department at the bank to do so.To your second point, be careful if you're talking about fractionalizing interest in an LLC.

Reading books, biggerpockets, listening to podcasts etc, will teach you everything that you need to know, in a fraction of the time and effort.  

The 50 billion passed for relief isn't even a fraction of what is needed.   

Originally posted by @Jay Hinrichs:the refi proceeds along the way are NOT tax free they are tax differed ergo your need to 1031 to avoid cap gains tax.from what I read about the DST those you must choose the team very wisely as you lose all control.not sure if any of the syndicators you tagged above have any projects that will allow small 1031 investors into their deals.TIC's used to be pretty common then I think things got a little tougher from the regulatory aspect.Personally I would avoid low value assets and keep buying nice stuff that has a good chance of going up in value Thanks Jay.For the standard syndications, it sounds like you would need at least $500K-$1M in your 1031 for them to entertain you as sizable partner in a syndication (I believe a fraction becomes a TIC interest), but alas, my deferred funds are rather small so doesn't look like that is an option.I'm looking to use leverage so either it would be a property with say 25% down, or this DST thing.

My house was covered with hot boiling water within fraction of secs and there was hot vapor all over the house.

@Carlos Silva here is a quick list (not comprehensive) of what the IRS considers "like-kind" real estate in a 1031 exchange:single-family residentialmulti-family residentialcommercialresortfarm or ranchstorage facilitynet-lease managementunimproved landwater rightsoil rightstimber rightsproperties with a TIC structure or other fractional interestsoptions to purchaseconservation easementsDelaware Statutory TrustsSo you can use your proceeds as a down payment on any of these as long as your intent is to hold them for long-term use (investment or business). 

If you 1031 into a different property, here is a quick list of your options:single-family residentialmulti-family residentialcommercialresortfarm or ranchstorage facilitynet-lease managementunimproved landwater rightsoil rightstimber rightsproperties with a TIC structure or other fractional interestsoptions to purchaseconservation easementsDelaware Statutory Trusts

You can increase rent fractionally for capital improvements. 

You could each sell today, each structure a 1031 Exchange on the sale of each of your respective relinquished properties, and then each identify a percentage/fractional interest in the new multifamily property as your replacement property inside your 1031 Exchange and each of you would end up acquiring an undivided interest in the property as tenants-in-common. 

At the end when you want passive income you can go into a fractional DST ownership like she describes.