I bought a 1/5th share of a decent-condition '79 C172 about 10 months after
I got my private. Have been in this for about 8 months and am probably 75%
satisified so far. FWIW I paid 10k for the hull and 110/mo and 50/wet tach
and it lives at BED, right near Boston (read expensive).

Given how new you are to all this my first instinct would be to wait and
look for something with a little less uncertainty. I just can't see a 1/13th
share working all that great, and the monthly payment is very high
considering the split ratio. Where is all that cash going, anyway? It just
doesn't sound right to me.

Best,
-cwk.