I might of got a little confused now that I read @Nicholas Horsburgh his reply he did not say PPM he said offering memorandum .. many would take that as a PPM  ( private placement memorandum) but maybe he meant like a detailed description in writing of what your trying to accomplish.Generally there are no real contracts for loans there are loan documents though Note  mortgage settlement statement and depending on the lender a whole host of other various and sundry documents usually disclosures so you can't sue the lender. :)

Essentially they become an investor in a larger property (multi-family, self storage, etc), receiving a preferred return every month with ZERO action required while still staying exposed to the real estate market.

I've received leads through my lenders and one/two from my broker, but aside that, it's been quiet.

I'm thinking of mailing a letter, just because we've never met them in person and I'm not sure how they would take it, but I also want to make sure they receive the letter.  

Pros and Cons, i am hearing that a first time buyer in Tennessee can receive 15k towards a property is this true and are there any repercussions?

Pros and Cons, i am hearing that a first time buyer in Tennessee can receive 15k towards a property is this true and are there any repercussions?

Just as an example, I received 2 random phone calls from NY investors yesterday afternoon looking for 5-20 unit properties based off a post a wrote over a month ago.

You currently can receive .075% percent of your property value in monthly rent (3,200/429,000).

Still opportunities there if you buy right.I've been through several PM's but have used Marilynn at Banyan Naples PM for last 10 years and received great service. 

He would like us to draft up the appropriate documents with our agreed upon parameters before we close on the property.