Great news!

I would probably ask for 2 determination letters - the latest property inspection findings/report and the latest financial determination of the tenant to see what portion of the rent they are responsible for.  

At the risk of bursting any bubbles, neither question can be answered until after tomorrow's news.

Additionally if you have a windstorm mitigation inspection report or devices you can receive a discount on the premium.  

@Morgan, this might interest youhttp://www.propertywire.com/news/middle-east/dubai-property-prices-sales-2015090110931.html

I've spoken with a few local CU who all seem to have the same script: minimum 2-3 yr and closing costs are waived, otherwise if the account is closed then the CC come back to me to be paid; 10 yr draw with remaining 20yr as payback; can do renewals after the 10yr period; no application fees; usual credit report and appraisal of the primary property; LTV up to 85% for one and 70% for all others I looked into.

Also it states "Funding is subject to a clear and unencumbered title report and lender’s appraisal of property and condition thereof".

Potentially highly lucrative and almost immune to market downturns....http://www.bizjournals.com/seattle/news/2015/09/18/242-unit-apartment-complex-planned-near-university.html

Seems all I have for is bad news.....Learn real estate like you did insurance, you didn't begin by going out the door with a sales pitch.

Do I need to report to someone it's a rental now?