Hello,
Idea is Part 61 training after buying beater getting like 500ish hrs then having better informed specific opinion of long term (expensive) plane purchasing. Mooney looks right for a variety of reasons if I can get over the hump. About to take plunge into speaking with local hangars/CFIs/semilocal lawyers about structuring as business maybe to never rent but depreciate-sale well before overhaul so someone with more limited means can still do same themselves/take off me at markdown.
I anticipate they'll all be like flies except lawyers - worse not just all over me but pushing bias in line with their various interests. The thing is I'm getting answers all over the board without reaching personally on if I ought for a dozen reasons to take a generalist approach and step up from 150 to arrow (meaning buy both cheap and peel off 150 then keep piper for overhaul downtime and try to rent it to kids wanting complex in area since doing affordably semi rare), vs try to get into a Mooney even an older model asap.
So I'm going to put the two purest forms of questions to those in the know here in the know, and let you guys answer but also back off or expound on if there are other obvious things I'll run into if I don't take your advice on things I should think about!
1) How far can you push CFI vis-a-vis early Mooney hours? Can you in principal find someone who'll let you start hour 1 for a part 61 training regimen in an acclaim if you could find a CFI w/model background and the aircraft somehow? Are there reasons why you as trainee should not desire this even if you could? What about older/aspirated Mooneys etc? I've run into CFI's that purportedly won't even sign off on solo flying complex (even low performance i.e. arrow) until PPL in hand but that sounds like strict outliers at least...
2) I run into this idea that it isn't the rate but actual ability no matter how deep your pockets to actually *get* (any) insurance - which is apparently needed often for financing the purchase regardless of your status, which is confusing because you don't have to be a pilot to purchase an aircraft, but... - I've heard the ability to just procure insurance is a problem if you tried the above (including i.e. M20J or whatever). Hence the otherwise frustrating step-up purchases before actually getting into a Mooney
Thank you, everybody. Incidentally I can't afford an acclaim up front in case that was key to your advice