I'm a new member to this club, having bought myself a 150 at the auction. There were only a handful of bidders, so things went somewhat cheap (the IH fuel truck went for $450). The planes are in somewhat daggy condition. Necessary maintenance was done, but not much else. I spent a good day this weekend just cleaning my new purchase.
Anyway, I'm new to aircraft ownership and a bit freaked out. This week I'll start in on an owner assisted annual to find out how much more I'll be in for before I get up in the air. I'm sure that I am a bit more rusty than the airplane though and will need a biennial beforehand.
