What you're looking for....a 30-40' sailboat in fixer upper condition for $10K... is certainly doable.
You will need 3 things: time, perserverance, and luck.
Recently a classic Sparkman & Stevens design, a 38-footer, which had been for sale
for as much as $30K went for only $5,000. The boat was in pretty fair mechanical shape, including a newish diesel engine
and roller-furling genoa
, but needed a LOT of TLC to bring her back to the condition she deserves to be in. She's a truly lovely boat, and we figured it would take several years and about $30-40K to put her in very good overall condition, after which she'd only be worth about $30-40K. But, the buyer got a very good boat, very solid, very liveable, sailable, seaworthy
boat for way under $10K. He intends to take his time and upgrade the vessel the right way, which was one of the reasons the owner was willing to let the boat go for such a ridiculously low price
So, it IS possible. You've just gotta keep looking far and wide, let others know what you're looking for, don't jump at the first thing you see, and do everything possible so that Lady Luck may come a-callin'.
S/V Born Free