I appreciate all the advice you guys have given so far.
In response to George's request I uploaded all the pics I have on the boat to the following flickr set
Catalina 22 - a set on Flickr
they aren't the best pictures, but I tried to get most of what I think or see that I might want to look at again.
I found an impact ringing on one side on the other side of where something shows up on the inside rail area. The other side, I'm not sure, there's a gouge and possible a pair of vertical cracks along the rub rail. I didn't notice the vertical cracks on saturday when I was taking the picture of the gouge.
There's a bit of work to do on the bottom, was already planning to fill/paint everything down there.
The boat belongs to my brothers father-in-law who has decided he doesn't want to go into boat repair/refurbishment after all. He's offered it to us if we'll hook it up and get it off his property with the titles/registration. He bough it used about a year ago and pulled it out of a local lake in Texas.
I have done some repair work on the 22's in my local sailing group, so I'm fairly familiar with a lot of things on them. Though I've never worked/sailed on one of this vintage. She's a bit different.
I saw the water entry along the shrouds and did do a hammer tap test on the deck around them all. Mostly it sounds okay, there is one area that sounds a bit soft and I expect I'd have to epoxy/strengthen the area with all new plates underneath for everything.
The price is right, but I don't want to end up with a project that will cost me more to put right than she's worth when I'm done, if that makes any sense. Most of the work we'll do ourselves if we can.
I'm starting to feel like maybe we should pass on it as a project boat though. Though I'm still interested in hearing what you guys think based on the rest of the pictures.
Thanks for the honest advice folks. I appreciate it.