Through a friend I got aware of an opportunity from someone that stored his Cirrus SR20 (G1, 2004) after the forced closing of its homebase. First 2 years it was stored at a CAMO which preserved the plane (engine runs, etc). The last two years, no so much… Its low in hours (<800), and no damage history.
Needless to say this is risky business, but at the right price i’m willing to consider it nonetheless. Trying to make a right estimate of potential cash burn after purchase. Im thinking: chute (10k), mandatory SB’s: (12k), inspections and other maintenance (15k). Prop? Based on private use & condition running principles, the engine could be put back to life and flown for somewhat years based on its current few hours. However, the TBO of 12yrs will be stretched nonetheless. How realistic is this?
What other major issues am I missing here and could this be worth the obvious risks? Without a doubt i’m planning a PPI, but not being able to fly the plane brings issues that cant be determined at any point. Plane is EASA registered and maintained. Any advice is much appreciated!