jban642,
I appreciate your response! Thank you!
I've heard statistics and figures that the airline industry will be in demand for pilots in the near future, however, I don't think anyone predicted the airlines would be furloughing pilots and downsizing the way they've been as of recently, either.
I realize with the amount of pilots being laid off and looking for jobs, 500 TT would likely be laughable in comparison to other pilots' applications, however, I'm also a risk taker and highly driven. If I couldn't find a job immediately, I could always go back to building hours or pick up a job as a CFI in the meantime.
Also, realistically, what's a ballpark estimate for the time a CFI could build teaching on a regular basis at a local FBO? I'm sure the hours probably vary greatly, but any figure would help.