Am I Insane? (distressed boat purchase?)
Jeff, If the rudder and keel were made/installed properly, and the boat tracks straight through the water, and you are sure that you will never ground the boat like the previous owner grounded it, then buy it.
But how does one know if you will ever ground the boat hard? That''s the $64 dollar question.
It would be interesting to find out exactly what happened to the boat. Hurricane???