Hey everyone! 230hr TT instrument-rated pilot here - 140hrs in a 172, 80hrs in a DA40, the rest in a 210, PA28, and a PA22. All of the planes I have flown have been rental, club, or friend planes.
I started flight training 3 years ago so that I could earn my license to take fun trips with my Fiancé & friends that would otherwise not be possible/easy with just a car. About 65% of my time has been training/currency-focused, and the other 35% has been longer fun cross-country trips. I'm based out of central Pennsylvania and have flown to Nashville TN, Charleston SC, Asheville NC, Cody WY, and a few other closer places. My trip to Cody WY to visit Yellowstone/Tetons was a ton of fun, but doing it in the NA DA40 made me not want to do that kind of long-distance flight again until I got a plane that could go much faster than 130knots and higher than 12k feet.
My business is growing to the point where I will be starting to take regular trips (~1 time per month) to Durango, CO. Also, my sister recently moved to LA, and keeping away from the airlines would be a cool thing to be able to do. Based on my experience with the Cody WY trip, I do not want to fly these long cross-country trips unless I can keep the total time in the air down below ~8hrs for each leg (Clocked 12.7hrs on the Hobbs in one day on the way back from Cody, not interested in doing that again). I only want to have to make a single fuel stop on a given leg, too. I can tie in a trip to LA with a normal business trip to Durango, so the longest leg I need to account for with the <8hr and fuel stop requirements is KCXY -> KDRO, which is just shy of 1500nm.
While my trips to Durango will be monthly, I do not need my dispatch rate to be 100%. If I need to wait a day or two before departing/returning, or take a stop in the middle for a day, that is not a problem. I do still have to maintain some kind of loose schedule, though, so the dispatch rate has to be relatively high. These trips will occur in the winter so FIKI TKS is essentially required in my book, but I will not be flying in the Rockies in IMC (If I do, it will be after many trips and much more experience gained).
I'll want to take my Fiancé with me to Durango occasionally. I don't plan on taking an additional 2 passengers with my anywhere that takes longer than 1.5hrs to get to until I can afford a plane with spacious club seating, so as long as I can fit 2 normal adults in the back with a little luggage and fly for 2 hours, I'm good.
My budget is around $200k for a plane that isn't perfect, but won't be at high risk for 10's of AMUs of deferred maintenance costs, and has FIKI and a good avionics/autopilot setup. I can go up to $250k if it has a fresh engine with a minimal required maintenance backlog and good avionics. I don't mind going way down to get an EOL engine that needs a rebuild and some maintenance. My plan is to fly this theoretical plane around 500 hrs, then upgrade to a turbine when I'm in a better financial position and have the right piloting experience to be safe doing so.
So, with all this in mind, it looks like the M20M Bravo is the plane that fits the bill. The twins that can fly high enough are too expensive to buy and maintain, the SR22T is too expensive to buy, and the T210 and turbo lance don't fly fast enough. The Bonanza 36TC looks close, but to get one in good shape without expecting to pay a bunch of maintenance costs, $300k-$350k appears to be a more reasonable expectation (Also, the engine seems to be even more troublesome than the Bravo's).
I've read through all the interesting topics in the Mooney Bravo Owners forum and plan to do more research over the next few months, but would like to get everyone's opinions to make sure I'm on the right track with the Bravo, in terms of its capabilities and expected price range. Learned a lot about lean and power settings on this forum, looks like running 32/2200 or 30/2400 in the high-teens will get me the speed I need but keep engine/turbo life within TBO range with the lower CHT and TIT temps. Lots of info about LOP, still need to figure out if ~200knots is achievable at those power levels at ~20LOP (Assuming the particular plane can run LOP), or if >190knots is only really available when ~100ROP.
I'd be looking for one with:
FIKI
An autopilot that can handle precision approaches and altitude preselects
Good-enough avionics (Steam gauges are fine, but need WAAS and prefer Garmin's GPS/MFDs and a newer audio controller/radio/nav setup)
Pre-installed GAMI, fine wire plugs, and JPI are highly preferred
Preferably long range tanks
A/C would be cool, but not necessary, probably too heavy
Relatively clean PPI, i.e. no major foreseeable upcoming issues that aren't reflected in the price
Based on everyone's experience with the Bravo market, is it reasonable to be looking out for one like this in the $200k, max $250k price range?
Thanks for all the help!
Grant