Dave S wrote:
Oh yea..

Be VERY wary/cautious of a club, school or operator that encourages YOU
to buy a plane for the purpose of them leasing it back from you,
particularly if they also perform the maintenance in-house and bill it
to you.

Good point. I'm one of those who has had a leaseback and was satisfied with the
experience. I may or may not have made a little money, it was close. The OP said
he was OK with just having the lease cover much of the expense and not
necessarily making a profit, which I think is realistic... but Dave S's advice
is good. I'd have my lease contract make *me* responsible for providing an
airworthy aircraft, so I can shop around for maintenance services. Giving the
lessee free rein to do maintenance as required and bill you for it is like
writing a blank check.

Dave
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