Congrats Joey!

Is that the Bullet that Clay Washington owned, and posted all of those wild pics back in the day?

It sure looks like it, minus the EYE CANDY....so tough to tell....lol. Hopefully it has been well detailed since then.....lol

Oh yah, I remember all those pics!!!
Can't be the same one though, the guy had owned this one since 2002 I think.
Edit- Not the same one, thank god. My wife would not step foot on it if those pics surfaced. A little research on The Bullet Thread and I found his had a ripped red and black flag graphics near the stern.

Congrats! That sure does look clean. Post up more pics when you can.

Congrats
Enjoy

Here are a few pics...
We bought this boat knowing it was a project. I'm a big time DYI type so it's right up my alley and that made the selling price attractive. The transom and stringers checked out, that was one of my major concerns. For a 32 year old boat it's in great condition, gel still has a nice shine. I wish it had a swim platform and hyd steering, but I can install later.
According to the flame arrestors, if they are accurate, motors are originally 425hp 502's. (Black motors?) Somewhere along the line he had them stroked to 540's. According to seller, port motor ran when he parked it, starboard motor had a valve train noise. He had pulled it, sent to to machine shop and it has been repaired. I'm not sure at this point if I'll tear it apart and double check their work. Port motor will probably come apart and checked out. I figured as long as the long blocks are in good shape, anything can be done from there. I'm not trying to set any speed records, just want decent and reliable power. The original cabin upholstery will need to be replaced right away, the cockpit upholstery is showing it's age.
My wife and I like to overnight a lot and we did it quite often on our 251 Checkmate with shore power AC. Compared to, you can imagine this thing is a mansion to us. Short term plan from here is to get it powered and floating, a decent trailer, then move on to cabin upholstery. We don't need perfection or show quality so this won't be a long term project, just a never ending project in progress while we use it. We love the water too much to be boatless.
I have to thank my wife for being understanding to my high performance addiction. Last year we talked about getting a single engine cruiser and looked at a real nice Donzi 275LXC. We were going to keep the Checkmate and have options for what kind of boating we wanted to do for a particular outing. Then this boat popped up for sale and she said "get it."

Question -
This boat has rubber rings or gaskets for the tailpipes instead of bolt on exhaust tips. Is that a Cigarette only thing? It certainly will make it easier to pull the exhaust, but how well do they keep water out? These seals look old and need to be replaced, I can see light between pipe and rubber.
Any installation tips?

We finally splashed it on Saturday and ran it a few miles across the river. All I have to say is -what an awesome riding boat. The power is there and it planed very quickly with hardly any throttle. After about 5 minutes at 2800 rpm I turned it around, headed back toward the marina and came off plane about a 1/2 mile out. Open the hatch to check for leaks and noises. No leaks, but the SB motor has this mysterious intermittent tap. Every 5 or 10 seconds it sounded like a cross between a ping and a loose lifter. It's definitely something in the valvetrain, but it was enough to shut it down and idle back on the other motor. (It's nice to have twins) I'm thinking maybe a roller lifer that is not happy anymore and ready to give up.
Since I have a shop with an electric gantry hoist, I'm just going to yank it out and do a full inspection on an engine stand. This is the motor that was rebuilt by the previous owner's engine shop and rode home in the back of my truck. This shop appeared to be a pretty reputable and I took a small gamble not looking inside the motor before installing it. Something like this may not have been detected anyway.
The port motor did have to come out and be completely rebuilt. After I got it home back in April, I ran it I found low compression on a few cylinders. Turned out it had a cracked head and had built up some rust on the cylinder walls.
Anyway, I call the day a success. We didn't sink, didn't catch it on fire, and didn't have to be towed. Though it was a short trip, it was my first time driving a twin engine Cigarette. Anyone else remember that feeling? 😊

Coles Point

might just need a rocker adjustment ? = more boating

It’s got the best exhaust manifolds.