Loans that are secured against a liquid asset owned by the borrower (such as a 401(k) or mutual fund) do not have to be entered as liabilities in Section VI Liabilities if the appropriate documentation is provided"

NO, it is not racial profiling to recognize that they are Mexican nationals without the documents needed to check the same info you check on anyone else.

Thanks Steve Babiak,The loan is a standard assumable FHA loan, so I think I will be fine to rent it out, having lived there for 5 years already, but I will double check the document just to be sure of my risk.

Is this a one page word doc, an ebook, power point presentation?

You are referring to the standard "due on sale" clause which every mortgage document has.

I do have my attorney drawing up all the documents and then I am speaking with my CPA this weekend.

With my luck, I'd buy a 1,000 acres for 10K US, then someone would file forged documents and take me to court and they would find in thier favor, if I was on premises, I'd probably be arrested for tresspassing and get a court date in a year, be fund guilty and serve 5 years, but someone in prison would get killed and I'd get blamed and end up with a life sentence!

Take a look here http://recenter.tamu.edu/pdf/1149.pdfat page 2 of the document, or page 8 of the pdf.

I also had him draft me an Assignment Addendum document so I could assign my interest to the end buyer and avoid a double closing.

If the prior owner was thorough and diligent, then there should have been a move-IN inspection done at the time the tenant took possession to document the condition of the property at that time.