Why would you want an instructor with you for 100 to 150 hours ?
I think if you own the plane you can legitimately pay a commercial pilot to fly it for you or with you. If he is also an instructor then you can also log PUT but why would would you want all that extra PUT. I don't think you could get away with so much P1/S. Check but that's what I think.
[This message has been edited by 'I' in the sky (edited 22 March 2001).]