Does that HELOC remain in place for the predetermined 10 year draw period and 20 year payback?

After year one we pay an pre-determined interest payment to everyone, after years two three and four we pay another pre-determined rate and then after year five we pay all the principal back plus interest.According to my research and in reading @Matt Faircloth's book Raising Private Capital this would not violate SEC regulations because the money is not being invested into a common entity.

My conclusion is that people who think they can somehow utilize BK to increase their net worth in some predetermined way are not familiar with the CURRENT bankruptcy laws or have watched too many television commercials by bankruptcy attorneys.  

There is a predetermined sales price2.

In this contract, you also include a set sale price, so when the property is completed, you can buy it from him at a predetermined value.Knowing you financial picture will help too.  

This ensures that there is always a fixed profit element in mind when negotiating with investors so that we make enough to cover liability and expenses.In summary: The rationale behind this practice is to safeguard a predetermined profit margin while negotiating with investors, which would eventually cover their liabilities.

The "promote" just means that after your investors are paid a pre-determined return, you would receive something more than your proportional share of cash flow thereafter.As someone else pointed out above, if you aren't an experienced investor and desire a more passive investment, you could invest as a limited partner (i.e. part of the 90%) in someone else's deal. 

So a percentage of the monthly rental income would be set aside to cover maintenance and vacancy.There is no predetermined payoff timeline.

There is a predetermined sales price2.

So, I developed a system whereby the prospect pays a one (1) time application fee which enables them to obtain rental processing anytime within the year based on predetermined criteria,(i.e. price point, area, type of house ect...), and this one time fee also includes a one (1) year enrollment into my credit analysis program to process and move them toward home ownership (Funnel Pipeline).This is a paradigm shift in one's view towards the market for sure and many don't get it.......LOL.