Some food for thought about buying a plane and renting it out...There is a 141 school that if you have the credit and $$$, you buy a brand new Cessna and do what they call a lease back. You lease it to the flight school, they manage it and cover the insurance for the students and supposedly you get enough money that covers all of the payments and maint. costs. Oh, you get to fly it whenever you want too. I don't know how well these programs work but but im sure someone on the boards has dealt with or heard about these.