The frustrating part of buying airplanes like this is that, yes, you
might be able to make it work out if you could buy it for $20K, but if
the seller hangs in there, eventually someone will pay too much for it.
Heck, he can do a $12K field overhaul and peddle it to another flight
school or to someone who doesn't want to pay more than $200 for a
pre-buy inspection.