Re: New Hobby
Don't do it without a survey. The list of things...expensive things, that could be wrong with that boat is long. A money pit is a money pit regardless of what you initially pay for it. You seem to be suggesting that it's only a thousand dollars, so where can the risk be?
Inboard or outboard? Have you heard it run? If it's an inboard, it could cost you thousands right away. If it's an outboard, the repair shouldn't exceed the cost of a used replacement engine. How's the rigging? Safe? Any spongy areas in the deck? How are the chain plates? How about the batteries?
Get a survey.