If you are more hands on, you can buy your own slab for a fraction of the price and install. 

(This last can be a buzz-kill for some, but it protects you from overleveraging and losing your property in market downturn situations.If you have less than 25% equity in the property by the time you are reassigned, you may still be able to tighten your belt, save cash like mad, and buy a property in Texas from your savings since housing tends to be a fraction of the cost in most of the state, Austin being the exception.Best of luck to you!

Last year investor purchases reached an all time high at 11% for the year, so it's still a small fraction relatively speaking. 

EITHER your cash on cash returns will be through the floor (and then what's the point of upending your life to move into the project house when you could have hacked a turnkey property and done just as well with a fraction of the risk) OR your exposed to risk on the refinance side because you'll have hard money that needs to be cashed out and a FHA or Conventional loan appraiser that can see what you recently purchased the property for and may be less likely to give you that additional 10-25% equity you'd like to have to cash out the HM.So, as for me and my house:  hack what is already good and BRRRR what is not yet good.

A license is helpful here, but not required.Many brokers sell their loans as either whole notes or they fractionalize them.

Once you have that clarity meet with some people well versed in different avenues of real estate and learn about the merits of different approaches and find the one that TRULY meshes best for you.After a sit-down with a local investor who does syndication and REIT investing I was stupefied to hear that their returns closely mirror my own (gained through SFR and MFR investing), though with a fraction of the hassle. 

A residential use located on residentially zoned property shall not include an interval ownership, a fractional ownership or a timesharing unit.

or (2) invest in a DST (Delaware Statutory Trust) -- these vehicles accept 1031 funds on a fractional basis, or (3) invest in an asset in the same calendar year with high bonus depreciation (which is typically accessed/proven through a cost segregation study). 

There are also local Austin businesses that protest your taxes for you at a fraction of the increased amount. 

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.