Than in 15 years to be able to have us both "permanently" retire living on our schedule and desires, no ones else's.

However, the more interesting part of this tax strategy is in figuring out how to permanently defer the gain vs the temporary deferral that the Internal Revenue Code offers only up to the point where you finally divest of the property and must pay the piper so to speak...

Can you tell me about your permanent financing afterwards? 

They rent the home out until they're ready to retire and come down permanently or for the winters.

There are certainly people who move to SLC for 2--3 years, have the disposable income, and want a nice place (though not always one that big) , knowing they're not there permanently or don't yet want to buy.

Are the beams a permanent fix or just temporary?

The longest I remember which is what all my transaction records is 7 years, there are 1 year and 3 years, but I told my bookkeeper to keep everything for 8 years (except those that need to keep permanent like incorporating papers, EIN filings, etc) to be on the safe side.

Most of the times, collection outside of 6 months can easily be permanently removed off your credit.

This gives you the peace of mind of knowing that you can take out (fancy speak for refinance out of) that construction first lien/loan upon finishing your work on the property.Some local lenders here in WA and in many other states can even do whats commonly referred to as a two step loan where they combine a construction rehab first loan + a take out permanent loan (usually a conventional loan or in house portfolio permanent loan).This product gives you all of the assurance I mentioned above into one product.In areas where you can't get a two step type of product you can get a HML to team up with a conventional lender to jerry rig a similar two step product but this would be with a HML construction loan initially (pro's and con's).

Dear colleagues,I live, work and pay taxes in the US, at the same time I am a citizen of another country, a so-called permanent alien.