What would your mission be? I honestly think owning makes the most sense. Renting is *okay* but paying a lot of money for derelict planes that the prior renter left half tied up with crumpled papers in the backseat, broken foggles jammed into a side pocket, and with a seemingly perpetual host of "inop" gauges gets old fast.. esp when you pay $120+ / hr. Depending on your budget, and long term vision, there is a lot of good planes out there for under $100K
Personally, I would love to buy in the next 2-5 years, or at least be part of some kind of partnership
I started flying before I could drive, saved money from summer jobs and would ride my bike to LWM for lessons. Got licensed, did a bunch of flying in New England, always renting, then pretty much stopped flying from about 2010 through 2016. That 6 year break
SUCKED
Flew about 100 hrs though in the first year I got back into it, got instrument rated, and can't get enough of it. Flying for me now though is different, the 1 hr hobbes rides and $100 hamburgers are still loads of fun, but I'm at a point now where I want utility out of a plane for me and my family to actually get places. To get from my house to Sedona via car is a solid 7 hrs... in an Archer 3.5ish, and SR22T about 2 ish.. that's awesome to get such utility
As a tip to
@Eric Gleason I stopped renting from outfits that were primarily flight schools since the rental terms tend to be quite onerous for any real usage of the plane as a "go places" commuter, and scheduling is generally a nightmare.. I would much recommend a flying club over a school, or at best buying a plane, or buying into one