Yup,looking at minimum of 40k to make this right and don't even get me started on the trailer.
ya really im thinkin more like 60 k to bring it back 40k for engine and any missing stuff that really adds up plus the paint is horrible .then the trailer ..guy would be lucky to get 3-4 grand tops
75% of the perceived "value" of that boat is in its history.
I agree, that it will cost a small fortune to properly bring it back. I know this first hand as I have double what I thought into mine and I'm roughly 3/4 of the way done.