HI All,
I'm an A&P IA of 33 years now but mostly working on King Airs for my career. I am looking at the purchase of a 1967 M20F that has been out of annual for 5 years but hangered its entire life. Or so I'm told. The aircraft looks straight forward. No damage history in logs, Actt is 3300 and engine is 820 TSO with compression on each cylinder of around 75/80. Fuel stains on bottom but nothing dripping. Radios are original KX170B's but it does have an audio panel and intercom.
Since the aircraft hasn't been run in over 5 years It needs going through.
Heres my squawk list to date.
1) Cylinders have rust in barrells and need honed or replaced.
2) Moisture found on fittings so suspect same inside crankcase
3)Weight and Balance missing in records
4) Elt battery and type
5) Aircraft battery missing
6) Nose and main tires and tubes flat with some dry roting noted on mains
7) Brake calipers show leakage
8) Engines hoses need replaced
9) Prop due overhaul
10) Main and nose cushions need replaced
11) Fuel leaks
12) Engine control cable, mixture cable and prop cable need replaced (Tried to lube but no success)
13) Flight controls noise heard in rear. suspect bird nest due to opening noted in hanger
Paint is about a 7 and the interior is about a 7 as well. Windows look good and as far as I can tell very well maintained through out its life. I am getting ready to put an offer in on the aircraft.
Bluebook is around $35K in airworthy condition. With fuel tank repairs, engine cylinders needed. annual, tires and brakes, battery, ELT, 91.411/413 due, Prop overhaul, engines hoses just for starters I say aircraft is worth in present condition of $10K max. Thoughts all?
Thanks for having me and look forward to any and all comments.