DALFA, I hate to rain on your parade man, but Std Dev is exactly right. An airplane is going to separate you from your money faster than one of the pros that hang out at Dusk Till Dawn in HK.

My advice is just find a good flight school that rents a 150/152 on the cheap. Unless you're going to put many 100's of hours on this bird it's not worth it.

Aside from all the issues of buying an airplane in the first place, partnerships like this have a tendency to go south real quick. When it comes to buying planes as a partnership, don't even think about it unless you could afford the whole thing yourself if you had to. As reliable as you may think your partners are, the world can change faster than most people can cope with. An airplane is great when you have the money, but when that disposable income dries up its just big stack of bills with your name written on them. I've seen partners bail out for financial reasons time and time again. The rest of the group is left with their pants around their ankles, broke, and confused.

Instead of buying and airplane to build time, hit up some flight training and build time while you earn some of those ratings! You'll spend less money and get a lot more out of it. For the 10 grand each of the partners is going to end up spending you could easily get your instrument and have a hefty chunk left over to start commercial.

Unless you're just rolling in money buying a plane is a bad move my friend. As my mentor in aviation once said; "If it floats, flies, or f$%$s, rent it!"