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?

And you are thinking of trusting someone who will also make money off this transaction ?  

That’s a level I’m fairly comfortable with but your level of comfort may be more or less.

Staying on the same page and building trust.

The level of grime and disrepair is absolutely extreme, the house reeks, trash in the yard. 

Trying to get a split level (not a lot of sqft) on the market in the next three weeks and trying to decide on whether to open the wall between the dining and living room for a feel of openness or leave it as I have heard from two interior designers that the open concept is on the way out as we are more at home and liking our separate areas in the home.Pragmatically speaking the opening of the wall will be mostly a time drain with it being a load bearing wall and having to support the ceiling while rebuilding and all the drywalling necessary.

If its just borrowing money with no collateral then a standard note is common if it secures real estate then you have a loan agreement, deed of trust/mortgage, note and other documents.No matter what these documents I would not pull off the internet i would get an attorney to draft them and the costs are typically paid by the borrower.

My strategy incorporates asset protection measures like LLCs, specific trusts as well as professional property management to spread risk and ensure quality operations.As well as using tax codes to my benfiitSection 179, IRC Section 162, Cost Segregation and Bonus Depreciation and later 1031 them out for larger projects. 

Newer buildings now have state-of-the-art amenity packages with pools, gyms, co-working spaces, high-speed internet, and community gathering spaces where savvy property management groups will have apartment building events to encourage this sense of community, all being a level of convenience and neighborhood community people cannot get anywhere else.

If the owners are saying that, then it is not to be trusted.