The fee to submit an application is $600.00.

I have two properties which at 10% fee will be around $35K.

This will show you more evidence of the fees they really charge.

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?

Many ServiceTechs cover this via a service call fee. 

The terms for a 2nd position loan on a rental is 6%, 25 year term,  and 2 points origination fee.  

I think they all have fees associated with the account if it doesn't meet the threshold.  

That's not worth 15% of the job.Another thing to consider is that some managers will charge low management fees and then add maintenance fees to bring in more income, while others charge high, all-inclusive management fees.

Condo fees $800 a month. 

This would typically include legal fees, the receiver's fees and costs, and the repair costs.