I have partnered with the founder and CEO of the company that successfully built similar project and grossed $50MM profit.

With a solid project & track record then to might have more success.

Although it’s your equity, a HELOC needs to be paid back all the same with interest.Failing to handle this debt properly could hurt you financially and lead to negative consequences; however, handling it successfully can help you manage your expenses as well as lead to positive financial gain down the road.

I'm in Texas and would appreciate any information on how to successfully make this transaction. 

There are contracts in the File section, but as @Laura Alamery suggested, you should probably network with successful wholesalers in your area to get help in a JV deal - You find the deal, they provide the buyer(s).

Yes I'll be able to pay in cash but I'm not quite ready yet. the goal is to start putting offers in by May 1st -I was curious if people we're finding success in these areas.

What made you successful? 

We had a first great meet-up today in Eden Prairie with Account Closed and one other gentleman to discuss our goals, needs, and next steps.We are doing it again next month.Hit me up if you'd like to join.No pitch, no ...

My second time around, I filled my rental and called everyone that inquired, I asked them the same questions on the phone and had better success, rented to my first appointment.  

You want to have success in your first deal.