Honestly, I feel a little let down. Although it's necessary, taking apart a sailboat like this is like the difference between meeting a gorgeous woman on a smoky dance floor and seeing her the next morning under bright fluorescent lights.
Ya... Except, the boat you can make look gorgeous again with cash!
Not so much so with the woman
... Check out what this guy did with a totaly ran down Cat 27
I think any used boat you buy you'll have to do at least some work to get her to feel just right to you and be confident in it.
Most women come used anyway... They too, just need a little TLC to shine