Do a search for Don Incoll from Australia and DL his plans for the Sirex Wasp. This FF profile was built just to learn to hover. Plus it is CHEAP on fuel as you use an OS 46FX and a 13.75 X 3.25 APC prop. Here is the link to the home page

http://www.rcwizard.com/incoll/

http://www.users.bigpond.com/sirexwasp/

My Wasp
http://home.earthlink.net/~mikesss/plane4.html

This is a GREAT plane to learn to hover on and will also be a very easy first scratch build. I bought enough wood for two, for fifteen bucks...