So if I understand, you would get a loan the normal way and then the bank trust is an extra fee that comes along with owning the property in Mexico?

But mostly the loan, the insurance and the property taxes. 

A partner and I began searching, and after coming up empty for 6 months, we were sent this deal by a close friend and ended up closing a month later.

Is this purchase on the MLS or through a turnkey company? 

They have already called a real estate agent to list on the MLS and when the agent comes over to take the listing, they tell the prospective seller that the dog poop in the living room has got to go.The rot in the bathroom behind the toilet needs to be fixed.

You have the advantage of knowing people in the space and being a trusted source for housing for people coming in. 

The only two ways to rectify this are (1) purchase the property far below market price or (2) significantly increase the property net income usually through some method of “repositioning”. 

funds only go into interpleader after months of sitting in escrow. the court just does not hand the money to the seller either.. if not agreed upon the funds go to the state etc.

I found my handyman through my RE Agent. 

Like the way you’re thinking outside the box!