By way of encouragement:
Wooden vessels 'work' best with a full time crew living aboard
tackling problems as they arise. Ongoing maintenance
is constant, if not relentless, however none of it is rocket science. Stay on top of it all and the total time/effort isn't much more than fiberglass
hulls. Living aboard
a wooden vessel shouldn't be much different than any other boat. Wood is, IMO, the most comfortable hull
material for human habitation. However, if you fall behind on maintenance
the boat will quickly deteriorate to an economically worthless condition - so...
By way of discouragement:
A boat that size for $17K is likely well past the point of practical recovery. Not to mention resale value will be null and any money
you put into it (and it WILL take ALL your available cash + a couple credit cards) will be lost
Having said that, boating
for me is primarily an esthetic/emotional/romantic thing and I lust after most of the wooden boats I see. Kind of like I miss my Land Rovers despite the constant maintenance, even though my current
KIA minivan which in addition to being problem free, gets close to twice the MPG, has more space, is quieter and more comfortable.