I owned one but its not a economically sensible option but then whats sensible about helicopters! The trouble with an R44 is you are only really renting it from Frank anyway, once you add depreciation and rebuild costs he is the only one making money from the machine. For 50 hours a year it might be actually cheaper to get a jet ranger.
Remember if it ĵcks, floats or flys its cheaper to pay by the hour!