They may not flaunt it, but they've all done it.  

I think the main issue is believing that unsecured prom notes are Guaranteed. unless I saw the note and the note stated that ( which I highly doubt) the return of funds and payment of interest solely rests on the full faith and credit of what was invested in and the sponsor..

Generally there is consensus that DSCR Lenders can only offer a 1% prepayment penalty for up to 3 years in MI, but some lenders have recently reportedly been flaunting this rule - I would just tread carefully here in this area, generally not advisable to get potentially tangled up in a flawed legal doc with a non-sophisticated or fly by night lender

You do NOT sign  you can but its not common for you  to sign on a prom note agreeing to pay you. 6.

U can do an unsecured Prom note @Jeff S. 

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.