It all depends on your mechanical ability. I lucked out and we found an IA who letds me work supervised in his shop. I have done 5 or 6 pages of log entries, new GPSs, replaced some bad instruments, antennas, spark plugs, alternator, weight and balance, etc etc etc. Point is, this stuff is simple to me and its rather easy. If you are not mechanically inclined, you need to pay someone. I have heard and talked with other Mooney heads, and 1500-2000$ is the average cost for a base annual. Deferred repairs and upgrades are extra. I am doing much of the work myself, and we fix things during the year, so ours may be less.