Thanks for all the comments, I am really taking them all into thought. I am trying to do a decent amount of research before I make a purchase.
Sailing Classes sound fun and like a good idea, I will look into it, but, do a google search of basepay for an e5 with over three years in. You will see why I am trying to find a decently cheap boat.
I am moving tomorrow, but the next day if the boat is not sold I will head out to the marina with a digital camera and hopefully the owner will give me permission to board it and look around. Again thanks for your help.
This one I am talking about now is not one of the salvage boats, I do appreciate the tips as far as titles and the law is concerned, if I do decide to go that route I will definalty look into that.