The other posts have given you some excellent information. A few other thoughts. The boat is a dragger, she has a V 12-71--about twice the HP you want in a yacht. Look at the last photo on the brokers site--and think--what else in the way of rust and corrosion is there on this boat. This is the engine room, where the hull should be the best kept and most accessiable. Then there is the hold--where the fish were kept--it is most likely insullated--and pulling this out will be a devil of a job and will most likely reveal corrosion. If you ever consider buying one of these have all the hull and tanks guaged. Several of these types of vessles have capsized in the inland passage, when not loaded--think what might happen in heavy weather on the Pacific! What shape are the fuel tanks in? This is a 30 year old boat which has been worked hard and put away wet. You would be better off getting a new hull and finishing it out--than rebuilding one of these. I have restored several boats, but would not attempt one of these--however as Willy notes there are some good buys, and if you have the skills and motivation to complete them, there can be some life left. It will be very diffiult to get your $$ back. One other thought--this is a PNW boat--not a tropics boat--I suspect that some folks ideal of hell would be to trapped in the tropics with no ventillation or airconditioning--for most boats ventillation is essential. Interesting conversations--and points made. Bob Austin