What I’m referring to is an agreement that is recorded somewhere, perhaps in the deed transferring the properties, that would be binding on any future buyers.

Ps… for reference, this is my wife’s brother, we have a great relationship and have been married to his sister for 20 years.

Does anyone have any relationships or references for a lender on this amount? 

Any liquidation event (payoff, sale at trustee sale, REO sale, or re-sale of the loan) is the "sale" that you refer to above.When this number is applied to the cost basis (the ledger of the Other Asset), we are left with the "Gain/Loss on Sale," which is an income account.

Also, for reference, I work full time W2, and am able to put back around 40% of my paycheck each month into savings after retirement/taxes etc. 

Remember to give written notice that the lease will not be automatically renewed (refer to the current lease agreement you have with the tenant).   

I purchased the lease package for my state and it is very thorough with a few state law references particular to my state.

You should check references of recent MF listings the agent has done and verify the quality/effort of the marketing.4.

Lake Barkley goes into Kentucky Lake which was referred earlier.

I looked over all of my paperwork and cannot find any such verbiage, are you referring to limited scope of time for inspections.