Thanks for all of the feedback.
I called regarding the PA28, it is based at KAPA and was just used by a guy for his PPL. Assuming he was training during the summer and it managed to haul a CFI and student, it would probably work.
In the same call, I also learned there was a Dakota that I may be able to buy into at KFTG. I'm going to look into that.
I also see that I can probably get into a M20 B or C for about (or less than) the cost of a Cherokee 180. There are quite a few options out there...
There's probably also a 182 at KAPA.
But we haven't been actively looking or advertising. We've shown hard numbers to two folks who showed interest and they either didn't like them or just couldn't afford it, but we knew them personally and have them the option.
The bulletin boards over at Denver JetCenter East at KAPA are covered in co-ownership offers and a few sales offers. It's a buyer's market for sure right now. Have you been over there and looked?
Also see the CO Pilot's Assn Classifieds.
I'd assume all numbers seen on those postings to be a high starting point for negotiations. Most of those co-ownership offers have been posted in both places for over a year. Either the owners are "too proud" of what they have or they're trolling for sugar daddies.
Almost any co-ownership can be made to work well if you're going to fly the hell out of it. Our 182 can't beat the lowest priced 182 rental on the field but it's hangared and I like knowing the maintenance is done to our specifications.
As I mentioned, Greg's club at KBJC is a good deal too. I gave them first billing because they have a nice fleet. If I weren't "otherwise engaged", I'd be running numbers on their club. I'd also be talking to Clark about whether or not he would appreciate a co-owner in his bird because I know he takes care of it. I also know he takes longish trips in it and my flying schedule can easily live with that.
But I'm dancing with the girl I brought to the dance for now.
I like ol' 79M too much not to keep on dancing.
Eventually, life will change for someone and we'll see changes in co-owners or who knows, maybe even sell her.
She's going to a South Dakota this weekend. Our co-owner who hails from there doesn't fly as much as I do locally but we know he likes having a co-ownership for the purpose of long trips without rental penalties a few times a year. Knowing what motivates your co-owners and whether or not you can live with those things really helps everyone get along.
That and regular board meetings at Perfect Landing or Maggie's over beers. Er, um... Safety Meetings.