OK, let me expand. No way you're going to get a quality job re-coring and re-powering for $50K. That boat has too many problems. You can get a boat that has been around the block but has been taken care of. Lollygag came to Stockton on her own power and we could take her out and have fun on the delta anytime we wanted. But there are always "projects" on boats, some large, some reasonable. I had to change oil in the simms pumps right away. no big deal. I have to remove the lectra-san system and install new toilets (need holding tank for NDZ areas), install a big inverter, change the stove to propane and a dozen other things. It will take a year but we will use the boat in between projects. As soon as the new toilets are in, we're going out! A good survey will tell you how big the projects are and you can estimate what they will cost. You don't need to do a full restoration on every boat but you probably need to do some restoration on any used boat.