I live in East Texas. Between here and the coast and east to Florida there are plenty left over from Rita and Ike and Katrina. Some of them are nice boats. Having said that ALL of them require skill sets that you either have or don't. I know of a few that were reclaimed by people who knew what they are doing and they are fine. BUT the people who bought and restored the boats have little or no need to pay other people for repairs. If you can do fiberglass work, engine work, weld, sew chshions, paint, and are an above average rigger then you couyld probably find a good hull (and yes it may have holes in it) and a year or so later have a completed boat that costs a tenth of what it was worth before the hurricane. However, if you have to hire out any of the work then that is going to drastically change the value of the boat to you. If you pay $1000 for a nice 40 foot hull but can't do any of the work youcould probably find a good boat with few or no problems sitting in a slip somethere for less money than paying someone else to restore one. And keep in mind that the costs of renovation go up exponentially according to the size of the boat. A couple of thousand dollars on a 23 footer is not bad; $300K on a 65 footer would bankrupt most folks.