Re: Looked at the Ranger 26
What's your time worth?
You can put a few hundred hours of work and a couple thousand into fixing the boat up and find decent sails for it and end up with a boat worth around $5000-$8000 in the right market.
By my math that gets you about $7/hour at best, probably closer to $0-1/hour in reality.
From what I can see this is a neglected boat hull with no useful running rigging, questionable standing rigging, might or might not have sails, and an outboard that doesn't sound that great either, all for about the value of the outboard engine.
For a little more money you can get a lot more boat.
1986 Pearson 28-2 "Elena"