The FM2 does have a 'time out of Mexico' restriction during a five year period; I think it is something like 180 days, though I'm not certain of that detail. An FM3 would be better for your purpose and you could convert to an FM2 when you move permanently. Meanwhile, your US driver's license, passport, FM3 and proof of residence in the form of CFE or phone bills will be all you need to buy and register a vehicle. Of course, you will have to be in Mexico at renewal time for the FM3 each year and car registration renewals can be done anytime in December and January for a small discount. You may then have to wait and go back a few times until your stickers actually arrive. You already know about the 'predial' and water bills on your property.
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Read "Streets of Glass" to discover the experience of a retired couple's permanent move to Lake Chapala, Jalisco, Mexico.
PM for details.
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