A couple questions:1) Has anyone worked with local lenders like a local bank or credit union?

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?

Would a bank even allow us to mortgage multiple buildings on a single lot without it being subdivided?

Should I be concerned the bank may have issues with this? 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Just had a quarterly Bank advisory meeting for small towns and areas  All technical people are Harding to get.  

@Jason Wray I actually already work with the Federal Savings bank and am currently refinancing one of my properties with you.

I’d never had more than $2,000 in my bank account up until this point.

So even if you had a buy out agreement negotiated up front and execute that buy out agreement, the bank would still require him to be guarantor unless something drastic changed on your side financially.The best scenario here would be to purchase and rehab the property using a hard money lender or bridge lender.  

I have two banks that have done so as well as a credit card, and know of a couple of organizations that have as well.