So my understanding is-
When I want to do transition training with a current Dragonfly pilot in a Dragonfly prior to the first flight in my own aircraft, I can pay the fellow giving the transition training (assuming CFI) as long as he has a LODA for his aircraft.
However, if I am simply out with a fellow Dragonfly owner to "see how it flies", that is fine as long as he doesn't instruct me, is not a CFI, and receives no compensation for the flight(s)
If I then decide in a couple years to become a CFI, and want to use a common experimental as a trainer- say an RV or Zenith- I can use the plane for instruction, as long as I have a LODA for each aircraft used, and could not instruct a student in thier own Zenith or whatever unless they had a LODA, but could instruct them in a C150 or Cherokee 140?
Also If a student pilot purchased a flying and proven experimental- like a Cub or Zenith or Bearhawk, they could not receive instruction unless they received a LODA for that aircraft, but they could fly it with an unpaid volunteer CFI as long as they did not, in any way, compensate the instructor?
Have I got that right?