I agree with Jkeins...you are going to have to do the work yourself...figure 75.00 per hour min. at any yard...I heard of one fella that found 40.00 but I don't know where that was nor if he ended up happy with the work or not.
My gut feeling is if this boat was already in your backyard it would be a positive undertaking...but having to fork out 1500 from your very tight budget to truck it + the haul out
charge + the de-rigging expense to get it ready to ship..you are in the hole right from the get go and it would be money ahead to pay up front for one closer and in better condition.
I have brought back two boats from the dead and I would only ever do that again for a really special boat..it ALWAYS takes more money and time then you think it is going to..and seldom does it pay out better then you could have bought a like boat in ready to sail condition.
IMHO there is really only 2 benefits to resurrecting a boat...
Firstly is bringing life back into a forgotten object, be that boat ,plane, car, house..whatever... if
you enjoy the work and challenge its rewarding to you to do, in and of itself.. and the act itself is almost enough.
Secondly it allows someone to chip away at owning a boat they could never be able to buy in the first place...but this has to be more then a whim for this to work out as one of two things happen...
1) Either all your spare money and time is directed toward the goal or the project drags on and you end up regretting the decision possibly dumping it along with most if not all you have invested in it so far as you will be like the marina just hoping /wishing it was gone and out of your life.
2) You develop the mind set that this project takes as long at it takes without you getting in the dumps about it and your able to start and stop the project as time and money allows.......don't plan on moving aboard any time soon with this approach so be realistic about it from the get go and what is really driving this undertaking.
Form the sounds of it its your mom wanting to live aboard again ..not rebuild
a boat no matter how many skills she has. So just be realistic as to how long and how much money this is really going to be all about...The Honeymoon is over in about 2 weeks..after that its a job like any other...make sure you enjoy the work or you will become disillusioned.
I don't often recommend this but in your situation I would recommend spending every penny
you have on the right sailable boat up front ( if you both have paying jobs..to fix an emergency
repair to keep the boat afloat and pay for moorage, ins etc.) then enjoy it for what it is right now and remodel things as time and money allows.