With a fideicomiso, the gross income is taxed through a withholding tax whereas, with the corporation, the rate, you can deduct expenses but the taxation rate is higher.

Add a CapEx withholding of 10% ($225) and your PM fee of 20% ($450) to this.

I'd also add to that that you are paying a 20% withholding tax on gross rental income. 

Bear in mind that the fiscal treatment of the two options in Mexico is different (withholding tax on the gross income with the fideicomiso vs cost deductions with the corporation).

You can't go wrong with holding the property but again not ideal in your scenario

The withholding tax (on gross income) a problem if you:a) The wealth creation part of that real estate investing is capital appreciation, not cash flow.

How long will you go without hot water before withholding rent, calling the city or just moving out?

Even if their Renters Insurance company wanted your insurance info, an insurance represetnative would be contacting you for it.7) You haven't stated if the tenant is current on their rent or withhold rent payments?

Then there is the time element with holding costs.

This is partially true, partially untrue.There is an 8% withholding in case that there are taxes owed.