I also did not want a project boat or not that much of a project. Bent stanchions is not a big deal even the floor is not that bad. From what I have seen in boats like this that sit is they quickly fade. Faster than one would think. Frozen water in the bilge left unattended for years is another thing. Looking forward to your findings. For me it was the insurance thing and that it has sat for a long time and this alone causes damage. Truth is it's a $40K boat and just depends where you spend the $40K.