if you can keep a eye on the planes, it can be a good deal, but if you are a phantom owner, you will be taken to the cleaners.
Remember, to the people that will be flying your plane, they are rentals, and some will treat them as such, be prepared for broken plastic, torn seats, and so on.
Also, do not allow the shop to keep your logbooks, they can build a logbook set for use when on leaseback, if they need to see your books, offer to scan them and give them a copy of the scans. A friend of mine just pulled his plane from a leaseback and the shop lost his logbooks and I had to build him a new set of books.
_________________ Matt Gunsch, A&P, IA, Warbird maint and restorations Jack, You have Debauched my sloth !!!!!! We tried voting with the Ballot box, When do we start voting from the Ammo box, and am I allowed only one vote ? Check out the Ercoupe Discussion Group on facebook
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