I am thinking about buying a North Star 727. The asking price is 3000. I had a friend with 40yrs+ experience look at it with me tonight and found that bulkheads need replacing. I could see water marks to several inches from cabin floor. Also the wood under step mast (it is a keel stepped mast) is rotted and will need attention. The thing is rigged well. All lines routed back to cockpit, fractional rig, 4 whinches, backstay etc.... But I am a little worried about amount of work to get her underway. My friend says I should offer 2000 with the owner(a boat yard) pulling the mast and picking the boat so I can put it on a trailer and bring it home. I was just wondering if some of you knowledgable folks could give me your 2 cents worth.