When I self-managed C Class properties, I would put the requirements for tenancy in the rental listing (3x rent in income, 1-month security deposit, criminal check, etc.), and then when the potential tenants called in, I would speak to them for a few minutes, explain the requirements, get some sort of verbal confirmation on some or all of the requirements, and then invite them to different showing times I had set up.

they get a hard money loan for the property; then they get a draw on a line of credit as they prove to the lender that each item has been rehabbed

Complete the notice form listing all adult occupants on the “Resident(s)” line and make at least one copy of the notice for each adult occupant,and one additional copy for “all other occupants”.2.

Off-market deals are properties not publicly listed but still obtainable through direct outreach or connections.

So, I decided to buy it myself and list on the MLS.

Construction loans are available in Mexico but its a complicated and very expensive process.As a developer, I find and buy the land, plan and obtain all the permits, recruit a general contractor, market and sell the condos to investors who either use them for part time living or list them on AirBanB. 

I'm a huge fisherman and it's on my bucket list.  

Since the trust is revocable in this case, I feel that it's more or less irrelevant for the situation as all items would get treated similarly.

If it's listed on the MLS and it's not getting traction there are a number of reasons why that may happen but more often than not it's price.It sounds like you listed it at a price that would satisfy your loan which means you're trying to sell it for more than you bought it.

If you itemize your taxes, this may be used as a write off (I am not a tax professional, so please consult with your tax preparer/cpa etc etc).