Welcome Ebach
Sounds to me as though boat you are looking at has been considerably neglected. Most bang for the buck you may be able to accomplish is a "pre" survey by qualified surveyor to let you know if the boat is worth anywhere near asking price. Then, my suggestion, if the surveyor says the boat is at all tolerable/restorable is to begin by offering a really low price and see the owner's reaction. If your bid is accepted the same surveyor would be good to have do complete survey.
Best Luck...
Happy Boating Daze! Art
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