The reasoning, as I remember, was some combination of 1031 exchange, increasing ROE, and leverage.Does anyone have a good resource or explanation summarizing the logic?

If anyone has experience or is getting starting buying properties in these locations and wants to connect to use each other as resources for this journey, hit me up.

I was originally planning to put all my monthly returns to pay down the HELOC as quickly as possible so that I can get into the next property but am worried about how to deal with paying the taxes if I don't allocate any of the returns to the side.

A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.

CPA's are a good resource to talk these matters out with, but ultimately the realm of asset protection should be reserved for attorneys imho.

You may allocate the proceeds any way you want as long as you purchase at least as much as your net sale and use all of the net proceeds to defer all the capital gains tax. 

I had plenty of questions with no real plan in mind or even resources for that matter.

This is the best resource to start looking for an agent and your questions here would be great interview questions to determine who might be the best fit for you! 

The people who can share those kinds of resources are the people doing the design and drafting work as their profession. 

https://www.fincen.gov/resources/filing-informationI went onto the Fincen website and there are a bunch of forms...So I cant figure out which form to fill outWe have a few LLCs that hold rentals...