aerobatic training
I am assuming that you have little experience with warbirds or aerobatics. Here's some free advice. Take it for what it is worth.
The going rate for warbird type training is $600-700/hr for T-6 instruction and a bunch more for T-28 flying (if you can find it). $3500/hr for P-51 training.
Depends on what you are looking for. Basic Acro, warbird training, or continuation into competition aerobatics, airshow flying, or warbird formation ops.
The cheapest quality aerobatic training is going to set you back around $220/hr for a Super Decathlon and qualified instructor. Go get a taildragger endorsement first, then a full spin course, and after that do the aerobatics. Take a 10 hour aerobatics course. Spend around 3K to train and then start competing. After that, go fly a PItts or Extra once you understand the maneuvers. Get a fly buddy to team up with for your training, especially if it is out of town. Gets boring going somewhere by one's self for flight training.
Bottom line is that aerobatic flying is very expensive. No matter if you own, rent, or have a buddy with a plane. It takes significant time to get decent at flying the maneuvers and even longer to qualify to get on someone's insuranace. Sunrise Aviation has a good rental program. Commemorative Air Force offers opportunities to fly some less glamorous warbirds for a decent price (non aerobatics ops).
I've owned four aerobatic aircraft. The cheapest was a single seat experimental (midget mustang). Best bang for the buck (18-30K if you can find one). My single seat Pitts was the next cheapest (25K to buy/10GPH or $50 an hour/hangar:$150-250 a month/and $1900 a year for insurance). I spent around 5K on mx during a 3 year period. 7-10K a year to fly 100 hours. Had a partnerhsip on a Citabria that was very ecconomical. Owned a Luscombe in a partnership that was cheap too. My current airplane, a 2004 Super Decathlon, cost over $150/hr to operate as a business (training). I never had to do any major work on any of my planes (overhauls, recover, damage repair, etc).
Aerobatics is great in small doses and very expensive of you do it long term. Buy, fly, and sell can work out well if you do it over a 1-3 year period. One might get lucky and not have a lot of mx costs and get plenty of experience. However, hold onto a plane long enough and it will get expensive.
Good Luck and have fun.
Mike Lakin
www.wvpilot.com