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You can get a decent Mooney M20C for around or under $50K, and it will do 140-145 knots at 10gph. Make sure you plan on annuals running $2500-4500 for "normal" stuff. Good useful load, and rock solid. Watch out for leaky tanks. Those who have never flown a Mooney like to talk about how...

Renting can be a real PITA. It depends on where you rent, and how flexible they are with pop-up rental demands. If you're like me you don't always schedule your flying days in advance. Some schools have procedures that make renting after hours very easy, and some do not. The rent instead...

I think renting is cheaper until you hit 10-11 hours per month. But if cheaper is the goal, flying should be traded in for just about anything else. I strongly recommend you spend time with a spreadsheet to determine the full costs of flying. Fixed costs include: hangar/tie-down, insurance...

A touch off topic, but what kind of cruise speed are you expecting with that full mods straight tail Lance? I have been shopping for a new (to me) plane for a few months, and the straight tail Lance was one of my considerations. Thanks for sharing the story. It's too easy to buy a plane...