Back when I bought my current boat and spent a year making her livable the friends I had that were boat owners said I got lucky for the fact I pretty much bought a floating hull that was semi gutted and ended up with a sound boat. Never had to do anything major to her hull but clean up and coat, was not a "needed" thing at the time but since I was basically making her pretty n new feeling I was done.
All of that to ask this, my boat is near LA and I live near Dallas atm, a friend of mine has asked me to help him pick out and work on a fixer upper, when I bought mine I pretty much did not care about the interior other than it was dry and I crawled around the hull poking N prodding looking for soft spots and stepped off the pier to check out the bottom. I am by no means a boat builder or restorer and just figured if the hull seems sound the rest is cake when it comes to getting a nice boat in the end. Really didn't have a clue but after doing construction most of my life and being an electronics & computer hobbyist I felt as long as I had a good foundation I could make everything else ago and it worked out.
I am seriously considering applying the same principal to helping my friend since if it works out I get to sail more often and more importantly I would of helped another dreaming sailor like myself get a boat.
Real question, is a floating boat with a dry interior and seemingly solid hull a good starting point? The boat we checked out was abandoned at a marina and the marina said he could have it if he paid the slip.. A 1974 Ranger 26,
which I know squat about as far as didn't know ranger made sailors but the rigging is solid, the mast is good, aluminum and the sail and jib seem in acceptable shape to use but should be replaced. And I did my "act like I know what I'm doing" and crawled around the nasty interior checking what I could of the hull.
Anyway I'm tired and babbely, just don't want to get his hopes up if I'm insane