It could be certain phrases, techniques or even methods that you have personally used; I am just looked to broaden my knowledge of how to turn nothing into a signed contract.Any other Tips or Tricks are welcomed as well!

You should have a clause in your Purchase Agreement that will dictate when and how EM is distributed. 

If you create an LLC, for instance, where you are one of the member-managers, and you purchase property under the LLC, then as an owner you are entitled to distribution per your operating agreement (which outlines the split and distribution.)

We've distributed our initial round of PPMs, mostly to our network of friends & professional acquaintances, and I'd like to expand this effort and find others who'd be interested

I think you may be the BP master on such techniques :)

The termination of the LLC and distributions are covered in the OA as well.

I feel there will be a distribution of some kind but since its from Houston it would be hard to say.

What are some of the techniques that you use to change the value of your real estate without putting lipstick (carpet and paint) on that pig?  

How is the risk generally distributed? 

This is strictly a perception thing in my opinion, not a legal issue.Also generally speaking the code of ethics for licensees makes things like wholesaling a bit of a gray area in terms of who all gets a piece of the pie (broker's comission split and other distribution of earnings)