Mike writes:

Totaling the aircraft is a non-issue. That's what insurance is for. Damage
is a non-issue. That's what the pre-flight is for.

The greater the number of aircraft totaled, the higher the insurance premiums,
so it's not quite a non-issue.

And you can miss things during a pre-flight inspection.

My first partnership had 7 other owners. I was putting almost half the
yearly hours on the plane. Basically I was doing the flying and others were
paying the bills. It was a beautiful arrangement.

Sounds nice. Why didn't the other owners use the plane much?