Just to clarify, I am no longer active in aviation due to the high cost of building time necessary to “land” a job as a career pilot. Working line service at the local FBO (Fixed base operation) just didn’t pay the bills for a man, wife and two kids. When I could get a trip/time in a multi-engine aircraft, it was usually a free trip (meaning I provided my time and services free of charge) in order to build flying time. I gained a good bit of time in the air over a three year period and gained an enormous amount of self-confidence as a result. Just a little background to bring me to my point.
Greg states that the Cessna 172 would be an excellent BOV and I would tend to agree. They are reasonable priced from $30,000 to $50,000 and are relatively easy to maintain. I think the $5,000 annual figure he mentioned is fairly accurate. I am currently scouring the web for used aircraft. I am looking at C-172s as well as light sport to ultra-light aircraft. The only drawback to the ultra-light planes is that I would have to convince my wife to learn to fly and would have to have at least two two-seat aircraft to use a BOVs. Of course, redundancy would be a good thing.