I know of a couple people looking to learn how to fly. One of my potential students owns a company and is willing to put me on the payroll. I would just rent the plane and teach them. Any potential problems for this setup?
Have you checked with the flight school? Most that I have known do not allow instruction to take place in their airplanes if you are not their employee.
Going to go talk to the flight school tomorrow. The payroll thingy just sounded simple for me and I was thinking I would be covered under renters insurance but if I will require additional insurance since I will be instructing then it will probally be best to just go through the flight school.
If this guy is going to learn how to fly, and want to buy an airplane, just have him buy one now. Airplanes are an invetment, and right now is definatly the time to buy if you can afford. Just make sure you sell it as an investment that he can get his money back out of, and move on when he is done.