Beautiful plane and a fellow Volunteer to boot seems like serendipity. I’m about 15 hours into PPL training. Upon getting certified, my eventual plan is to purchase a plane for visiting family on the other side of the state (Tennessee is a very wide state). Admittedly, in addition to learning to fly, I have also been trying to learn more about used airplanes in general. From what I’ve been able to ascertain to this point, it seems universally accepted that Mooneys offer the best value. They also seem like a perfect fit for my mission.
Given the high rental fee I’m paying for flight lessons in beater 172s, I’m beginning to think that it may be worthwhile to consider purchasing my own plane sooner rather than later.
I’m just not sure if that’s advisable or not. My only analogy is when my son was learning to ride a motorcycle. I enthusiastically enrolled him in the local motorcycle safety course where he learned on underpowered bikes rather than teaching him myself on my 1400cc sport tourer. Is it a bad idea to attempt to learn in something as fast as a Mooney that I’d hope to serve as my forever plane? My landings still leave a lot to be desired.
In regard to your plane, I’m pretty sure these are stupid questions but keep in mind that I’m really new to all of this. Is it IFR capable? With all the avionics you mentioned, I assume it is. The tail number registration and damage site you linked says the plane has 180hp but I thought M20Es had 200hp. Can you confirm which it is? Finally, have you checked into the cost to fix or replace the autopilot?