Dude wrote:
6 partners is a lot, even of you are the ONLY one actually flying the plane.
I would be very suspicious unless the agreement covers almost any possible
decision. If there is not enough for overhaul, what will happen if the guys
who are not flying much want to go cheap or sell the plane to avoid the
expense?

Also, it will get tougher to sell your share as it gets closer to overhaul.
Just about the time you want to move up, you may be stuck waiting for the
group to get the overhaul done. It could take a while as folks argue and
drag feet.

I guess today's my day to agree with whatever Dude says.

I'd feel a lot better about it if the cash on hand were more closely aligned
with the required overhaul reserve.

Getting 6 partners to agree on the best way to spend a few tens of thousands of
dollars on an overhaul is going to be difficult. Even worse, the partners have
disparate views of the plane and how to use it. I'd feel better if they all flew
it a lot, or nobody flew it much.

I'm not saying don't do it, just think about the above and factor that into the
cost. If you think it's a good enough deal, and you can live with arm-wrestling
6 partners to get things done, go for it.

Dave
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