As I was bouncing through turbulence at 92 knots over the ground today, with my wife making faces from the right seat of my trusty cessna 152, I found myself thinking about the seemingly never ending stream of M20Cs on barnstormers, offered for not much more than the value of my current airplane.
Just how cheap is too cheap for a mooney? If I'm willing to tolerate ugly paint, a ratty interior, and a strictly VFR panel, how cheap can I hope to find a mechanically sound Mooney with a mid-time engine that hasn't been abused?