What this owner should do is find a mid-time used engine from a junk
yard or such. Then he would have a non-runout cruddy rental airplane
at the right investment level.

It's hard to discount the price enough to reflect the major. And even
if
had a zero time engine all the sudden, it wouldn't be worth what you
think
cuz the airframe is barking. I second the poster who was worrried
about
gear parts--they are a problem on this airplane.

Betcha the prop needs some expensive parts too!!

Risk is pretty high even at zero investment.

Bill Hale