I'd agree that the final goal of this should be the first consideration. If the goal is to sell it then you'd have to guess at what the plane would be worth in flying condition a few years from now, the cost of the needed parts and services, and how much value you put on your labor. Use those estimates to determine how much you can afford to spend to acquire the project.

Too bad you and the plane are in TX and I'm in CO. I'd love to participate in something like this for the hours towards an A&P.

David Rowland 7CO0
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