Anyone know of a Tailwheel trainer around Tri-Cities WA. Ive wanted to do it for years, but worked instead on Instrument. Now my neighbor has a Citabria that he cant fly because he lost his medical, so I might be the new pilot for that bird but its a Tailwheel, so I need to get endorsed soon.
So here lies the issues, Any ideas on how to make it a good partnership. Meaning he owns the Citabria and has let the insurance lapse. Hes a little leary on the Liability to let me fly it. I have come up with a few options but since Ive never done this, I hope yall can chime in. Id hate to see the good old Citabria go to shit for just sitting in a hangar and not getting flown. I think he is in agreement with that.
One option Ive come up with. I get renters insurance up to 70 or 80K, he says he bought it for $55K so the extra coverage in case I buy the farm would ease tension I believe and I/he/bird would be covered. I offer to pay for Annuals to get it up to snuff. I pay for the fuel. And maybe on top of that I give him a flat rate of 30 or 40/hr for a rental fee. Buit then if he "rents" it to me, he would have to do 100hr inspections, correct?
Another one is to form some sort of a club, but I have no idea what that entails.
Another one is to flat out buy it, which Im not sure I can swing a $55k loan at this moment nor do I exaclty want to be in debt.
Im not sure how to bring a reasonable offer up to him without knowing a plan. I think my option is pretty good, but Im not sure if it'd work. Any ideas or knowledge would be greatly appreciated.
Thanks
