You would enter your rental properties in the Rental section of Wages & Income. When you enter the 'cost basis' for the rental property, you can enter what you paid for it as well as any refinancing costs involved.
You then claim mortgage interest, property taxes, insurance, etc. as rental expenses against the rental income. If you refinance a rental property later, you can enter those costs as a depreciable asset in the Rental section also.
You could split the refinancing costs of combining the mortgages on the rental properties 50/50 or however you determine proper. For example, for 100K refinance, 75K paid off the mortgage for Rental 1 and 25K paid off mortgage on Rental 2.
Here's more info to help you:
https://ttlc.intuit.com/replies/3301761
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