Yea, there was a guy on PPW that started from scratch and built up a pretty good rep. Did it a couple of years, and more than a few crossings if I recall. Some of his stories were interesting...bad airplanes, bad weather, bad locations, bad owners, bad scenes, etc.
Eventually he quit the biz because of the undercutters. It just doesn't seem to matter to someone that the guy flying your new pride'n'joy might just dump it somewhere and split. You just paid 200k for a bird and you're going to shortchange someone $1k because now you're being cheap.
Richman