[capttb]

If you are a US citizen you can document your vessel with the federal Gov. thru the Coast Guard ,http://www.uscg.mil/hq/g-m/vdoc/nvdc.htm many lenders require this as it provides more secure lien. You can also register boat with the state, here in CA it''s document or state. Sales tax savings maybe lost in travel expenses looking for right boat, look at a bunch. I like working on my boat but not as much as sailing it so decide for yourself how much that "bargain" that just needs a little "TLC" is really worth. Sailboat hardware, parts, line whatever are more costly than you ever estimate. Most "hardware" will last a lifetime with minimal care, standing & running rigging need regular replacement.
I see a lot of people buy boats either knowingly or unknowingly that become ''project'' boats that never succeed in setting to sea and those who do succeed and think they spent too much time & money getting there. Even a fairly new boat in excellent condition can use all the TLC & money you want to give it.
In short, (too late) buy the BEST boat you can find regardless of location (west coast anyway), it''s a buyer''s market (always), no real hurry except within, some "bargains" can quickly eat the savings in hidden repairs. You are not a goverment contractor, you don''t HAVE to go with low bid. It''s more like a wife, you want the best one, not the cheapest.