Cool! A waco pilot! I took a ride in one of those back 2001 at a Georgia airshow in Mallards Landing. Fun plane!

Anyway, I don't think they'll frown on the purchased multi-time. My dad has talked to a few guys at SKW, comair, PSA and Pinnacle who actually went out an bought a twin engine (partner share of course) and built time that way. When they finished building up a lot of time, they either sold the plane together or sold their share of the A/C. This has actually been a pretty cost effective way of building ME time. I'm thinking about doing this when I return to SC.