RE: Offered a used plane for first purchase. Need Advice!
I agree that IF the plane is in good condition, you may be able to recoop your costs if you should decide to sell later. I am not familiar with the plane you are mentioning either, but from the sound of your post, the radio gear would need to be replaced. The engine probably can be free'd up fairly easily. As for the airframe. You mentioned that it does not have any visible damage. However, I think its more important to determine if it was built straight before worrying about possible damage.