Wow!!! Any update? You live out in the middle of no where like me looks like! My house is too close to the highway... So I am thinking of building another house 250 yards or so back and tearing down this one. Oh, one thing that is cool is my property is at least 3,500' long... And leveled and flat.
My tail wheel teething was done in a Citabria... No flaps and a worn out motor...Hot summers in Louisiana. My instructor said do a power on stall... It never broke. I was just holding it there using all of the control surfaces... He screamed, "You have it stalled, WTF are you doing?" I was used to 150s and 152s... They would break... And you'd roll over.... What are the 3 rules? Airspeed, fuel, and fuel?
700K is a good deal? Seriously, I thought it would be a lot more! I wonder what the cost to fly would be for 100hrs? BTW it has been cold, wet, and SUCKY weather. Winter boredom has set in. LOL! http://www.islandaero.com/airsales/cobra.htm
You'd have to mod the oil system. I think on some motors part of the down housing is the "oil pan". Plus it needs a gear drive. They turn 5-6k at wide open. I used to wrench on outboards in the early 80s and now on my own stuff. Thought about putting a V4 OMC on a plane, but gear drive, cooling system, etc. It would be a war horse though at 115 hp. I don't want to even think about my 280hp Merc!!!