I have done it many times.. this is nice if your borrower actually has money .. because there is little to no defense from a unsecured Prom note.. you borrowed the money you owe it.. now it can be wiped out in Bankruptcy but if you think the borrower is a BK chance you don't lend to them in the first place

Hi @Oscar Prom - I have done this informally during a move in walk through, which has been helpful.

Telling folks you have integrity is like telling your date's dad on prom night that you're a nice guy.

Or must I use TREC prom forms in all cases bc I’m an agent and the TRELA says I must ...regardless of my role as principal also?

Write clear, understandable leases with landlord provisions that you stick to, don't be an arrogant jerk flaunting your economic success, communicate often and humbly, reserve judgment when you can.

I guess I am just one of those basic lender types.put money out get a mortgage or deed of trust prom note.. lenders title policy and named additionally insured on the hazard insurance.I think your talking about an investment scheme.. :) of some sorts.. 

@Wayne Brooks  I don't know about your short sales.. but I know when my wife did a few and one specific I remember was a dentist who wanted to be a flipper  and was upside down about 100k.. the bank made him sign a prom note to release him.. so even though my wife closed the short sale the doc still owed 100k over time. 

I am currently in property management for my occupation but I hope to someday go prom property manager to property owner through the BRRRR method, but that takes both money and skill to get great deals. as I am low on both, I was thinking of one of the best ways to increase my skills and earn a little money to save up for my own ventures would be wholesaling.what are your thoughts?

When you flaunt your success, you come off as intimidating, and some people don't want to deal with that.

Add to that that I am giddy like a school girl on prom night so I probably need more research before I take that plunge completely!!!!