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Originally Posted by Cannon Shell
You should probably buy a small share in a partnership and find out all you can before you jump in and buy your own. This way you get a little on the job training at a much lower cost.
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This is great advice. I think the first thing to do is narrow your focus to exactly what you think you want to accomplish. The claiming game offers almost immediate gratification with regard to time invested to first race. If you've got the bankroll to float 8-10 months of expenses, the 2yo sales are a nice option. 16+ months? lot of value at the yearling sales. Also helps to have someone on the backside that talks with trainers as they occasionally have owners that need to sell for whatever reason and a good deal can be made priavtely. Are you looking to run in state bred company? Filly or Colt? Examine the pros and cons of each..
Once you have a game plan, seek out partnerships that fits with your business model. Do an exhausting amount of reasearch on each opportunity and ask questions. They're are some great partnership stables out there and some crooked ones (not that they're intrinsically corrupt, just that they no nothing of what they're doing and can cause you and the horse alot of unnecessary distress).