Originally Posted by captain jack
one thing that is for sure, regardless of how 'reasonably priced' and older boat may be, it is highly unlikely, without some miracle, that I will be able to afford one in the next 5 years. but, if this one is worth fixing, I can fix this one up. sail it now, and maybe, if I find one of those reasonably priced boats, in a year or two, sell this one to put towards the cost of a better one. i will probably not get my time or money investment out of it but that's not important. time is mine to spend and money spent over time, to fix something is easier to come by than money saved to buy a better boat.
I can understand that for sure. Where are you located?
Be sure to account for storage costs and, if you get overwhelmed, the cost of getting rid of it. For me, I've seen a few free boats I'd take, but I don't have room for them in my back yard and I'm not going to pay to keep it somewhere to work on.