Anthony covered quite a bit. If you read about my first Mooney (B) you’ll note it was a very well maintained one — 380 hrs on factory engine and prop, 1 year out from a Don Maxwell extensive annual, no corrosion, interior in great shape, was VFR but had a good panel and I updated the avionics and windshield. She was very solid. Easy first annual.
Then the engine out — so you never know - even when it all looks good on paper.
This one from David has more hrs and is getting some nice upgrades. Knowing David has made this an easier choice. We both did a through inspection (David is an AP/IA FAA/PMA) so that helps since I trust him.
Not everyone can find that but, finding a plane that has close to what you want is the goal — and once you find it act - make part of the purchase a PPI (pre purchase inspection). Have them ck the big thing first and if those are ok, then do the rest.
Don’t forget the title search with NO LIENS - can't stress this enough as this can be a real downer and YOU will be responsible for paying that if you buy the plane (if its not a 'paper work' error)! Make this a condition of your purchase -- protect yourself. I use AOPA's full title search service since I'm a member -- and got all the STCs etc's with it.
The transition training is very important. I’d expect insurance to require 25 hrs dual, 10 solo. Make sure to get you complex sign-off (if you don’t have it) while transition training.
If you’ve flown C’s (Cessna) and P’s (Pipers), the Mooney is a bit different (especially if you get the J-Bar), stall is definitely different, but I’ve found it to be welcoming to fly - manage speeds for landing and it will be perfect. Expect ‘stiffer’ control feels since there are tubes vs wire for controls.
This is my 4th plane I’ve owned (2 Mooneys with David’s ) and the Mooney was always my dream plane...
Follow Anthony’s list will get you there...
-Don