I don't think you guys understand someone who takes on a project like this. He obviously has to enjoy working on the boat, as opposed to most of us who enjoy sailing the boat. I used to know an older man, who loved working on them, then would soon sell and find another project. It wasn't about making money, as he never made much if any, he just loved the project for what it was. Personally I despise having to work on a damn boat, and would never even consider a project regardless how much of a bargain it is.