u/F-14cobra

Hello all!

I am currently looking into purchasing an aircraft with a friend to build some hours as well as offer flight instruction out of. I am mostly looking into a way to use the aircraft and related expenses as a write off. If purchased and used for a flight instruction business would this be possible? Would it make financial sense? Could the aircraft be offered to a local flight club for use when my partner and I are not flying it? If so, how would this be done.

Neither of us have owned an aircraft but both are involved in aviation and understand the immense cost of ownership. Both CFII and One is MEI.

Any input is appreciated! Thank you!

TX, USA