There are a wide range of electric foamy ARFs available from a number of manufacturers that are very similar to the Great Planes Flat Out series, including the Ikarus Shock Flyer series and the Thunder Tiger EP Profile series. These are popular models for learning to fly "3D" style aerobatics because they're light and manuverable and easy to repair if you don't pull off a stunt quite like you were hoping.

The problem with electric foamy style planes of this nature is that, while you can buy the airframe for $25 or $39, you have to purchase another $100 to $200 worth of micro servos, electronic speed controller (ESC), battery, and micro receiver to fly them. This assumes you already have a transmitter to use.

Once you make the initial outlay, however, you can replace the airframe and simply reuse the electronics when you happen to trash your foamy. Many brands of battery, motor, and speed controller will come without electrical connectors attached, or connectors incompatible with one another, and you will need to be prepared to solder the proper electrical connectors onto your various power system components.

I would still suggest the Parkzone Slo-V as a good step up from an Aero Ace to a "real" hobby quality RC plane.