Hi Tim, Just an opinion from a "want a be owner" or more commonly called a renter. I would love to own a plane! If I could find a 1/3 partnership like Don's with two partners that could work together, I would jump at the chance. Right now I am renting a 73' 150L that is in exc. shape with a new engine for $65./Hr. /wet. The owner is a great guy who has given me a key for his hanger and all he asks for is that I leave a message on his answering machine when I take it. We usually talk about once a week, so if he has a student lined up or someone else who wants it he lets me know. He only charges me for the hrs. on the meter if I take it over night or for the whole day. I figure I fly about 40-50 hrs. a year so I don't know if ownership is really worth it. If my wife enjoyed flying we probably would has one, but if I can get her to go up with me 3 or 4 times a year that is about it. But renting isn't the same as owning. I feel let down when I fly into a different airport and someone will say , what a nice 150 you have there, and although I have thought of claiming it to be mine I always admit that I am just renting it. Just look out at the airport on a nice weekend and seeing he owners tinkering around and washing thier planes and you can just feel thier pride, be it a tatered old 150 or someone washing thier Cirrus. Wise to own?? Mabe not. But I hope to someday! ---TIM