Thanks everyone for their thoughts. As it turns out, I learned to fly at Freeway and am a big fan. I'll have to follow up with Stan about the 201 they may have.
One thing I have being trying to figure out is what exactly is considered an airworthy squawk? I assume I should insist that the seller agree to pay for all airworthy squawks in the purchase agreement? If I find what seems to be a good plane, should I have my MSC start with a pre-buy, and if it goes well initially, have them do a full annual? How would this typically work -- I would pay for the labor, but the seller would pay for all airworthy squawks? I assume this would be the best way to avoid the exceedingly expensive initial annual?
Regarding future pricing for Mooneys, it is also my impression as well that prices will start going up again. But is it possible that the prices flatten out or possibly even continue to decline due to Mooney possibly going out of business and how plastic planes like the Cirrus SR20 are coming down in price and possibly competing more with older vintage Mooney 201s? Not that I was tempted, but I can imagine that some buyers would be attracted to a plane that is less than 10 years old with dual 430s and a big MFD on an SR20 for around 120K.
By the way, Parker, love the pictures of your plane. I have noticed the listing for 201EQ, but was turned off a bit by the damage history, available at http://report.myairplane.com/index.php. The 201 that All American has for 105K is also tempting and has pretty much what I want, but, especially with the 8+% sales tax, it would be a bit of a stretch for me.