I'm in the same boat as Harborless. Tuesday is the start of electric refitting... 1300$ in parts so far, not counting wiring! Then I can do all the sea-cocks that are sketchy, then rebuild the deck and de-laminated mast beam, replace the whole holding tank
and head system... Then I can start making her livable. Once she's live-able I can go over the diesel, make sure that's all up to date, then I can start making her sail-able, and fix whatever else I find. All that I got for only about 20000$ counting moorage(no liveaboard technically allowed) for the year.
Then in a couple years I can sell her at a loss, and move up to the 33 I wanted. Or sail her away, not sure which!
I thought I was buying a boat that was completely refit last year, and have a very expensive survey to boot.
Next time I'm taking a good friend who knows boats along, and being much more patient.