[Julio Morris]

Hello. I'm Julio Morris and this my first time posting a question.
My wife and I thought about buying a Piper Arrow and placing it under a school management to help covering the operation cost and hopefully make some profit to pay for the aircraft. However, the idea of building an experimental with good performance (200 mph cruising speed) such as an VR-8, Lancaster, etc, seems very attractive. Thus, we would like to know the following:
1- What do you think about the first option, I have seem people doing that before.
2- Can an experimental be used for training purposes. I looked up regulations and I could not find a clear answer.
Thanks.
Julio.