Sorry about your plane Gary. You guys are most definitely pulling me to the NOT LEASING side of the fence.
Here's the deal that I was looking at. I took my private instruction at the school and know most of the instructors and chief instructor quite well. Right now they have 5 Warriors, 5 172s, and 2 150s on the line and could really use another 150/152 for light/female IFS students (military). The chief instructor owns one of the 150s and the A&P that works on my plane owns the other. I'm not an A&P but plan to help whenever possible if I DON'T put it in the school. I'm a little vague on the breakdown but the way I understand it here's the deal if I put it in...I get about 60% of the $99 rental fee and cover all maintenance with a nice discount on labor (50% I think but not sure), outside tiedown is free, I fly my plane for free+gas, and I go on their insurance which is in the neighborhood of $4k a year.
As much as I would love to have the plane pay for itself I'm terrified of all the stuff you mentioned. Even the A&P (who owns a 150 in the school) told me some horror stories.
