[Jefferx]

Hello, I am a new pilot and i am looking to buying 1/4 share of a Piper Tomahawk from one of the partners who completed his pilots license.

Here is the informations i have
Total Time: 3300 hours
TBO about 800 left
New Prop, last month
Annual inspection last month

I Flew it yesterday and it seem to fly and run well (First flight so how much do i really know)

Its Priced at $6500

Concerns:
The partnership doesn't have a written agreement (Is this common?)

Anyway, does this sound like a good deal? Is there any other questions i should ask before a commit? is there like a simple Fractional ownership agreement i could ask to use? any advise?

Thanks,
Jeff