Re: A bluewater live-aboard for under $20k
I think it was mentioned, but I would reitterate that boats that are 20-30 years old are built tough as nails, but their age warrants a solid professional survey. It is well worth it to spend $500+ on a survey now. Definitely test for moisture in balsa cores and the overall health of the major systems. A limited budget will benefit from one over the long haul.
While people definitely sail Pearson 35's (my boat) trans-ocean, some people don't think they are optimal for blue-water because the cockpit is too large. It really boils down to exactly how "blue-water" you need. If it is more coastal/blue-water then your options are much greater.
Severna Park, MD
Pearson 35 - s/v Tiger Lily