Morgan Out Island 41

[Sailorman375]

Here's the deal. I may be able to purchase a 1980 Morgan Out Island that is a project boat. Solid Hull and deck and it floats with an engine that starts. Other than that it needs everything. New thru hulls, bottom job, air conditioners, new wiring, canvas, sails, floors are shot as is the carpet. I am looking for a boat to eventually live aboard and my friends (sailors) all say buy it as the price is around 15K and I estimate 30K to do everything right including a repower and awl grip. Need some opinions.