Homes are double story standard homes with around 21-24 Squares.

My understanding is that the market is more important than the property.

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?

Make sure you understand the auction process and are prepared for any unseen issues with the property.Auction Considerations: With auctions, pay close attention to the condition of the property, title issues, and financing restrictions.

I understand some of the economic factors that can lead one to a particular city or province (or state), but unsure of some of the key elements as you funnel down below that level.Appreciate any insight.Tyler 

It took new construction costs from $800-2500 down to $325 / SF and instead of 2 years it can be done in 8-12 months (design, permits, fabrication, shipping, and erection) depending on how much homeowners customized the standard plans. 

Understanding the Product mix.

Quote from @Makani Donaldson: From what I understand, different islands or cities have different rules, and they are getting stricter.

After 1976 trailers were considered mobile homes and standards were upgraded.

If it's a standard step down, you may take a big hit on points.