Dinomontana63,
As you start looking at boats, you'll find mostly fixer-uppers at that
price range, and I think they're harder to re-hab than houses.
You're a relatively
new member here, I see, so let me make a couple of suggestions, please:
1) Before you turn loose of your hard earned cash, read the thread called "Surveyor 101" here on CF. It will give you some ideas of how to look at boats.
2) If this is your first sailboat, you'll be able to get a better, smaller, boat at that
price.
Look at the costs posted for re-engining--if small enough, and if designed for it, you can get by with an
outboard. Also, check costs for new
sails and
rigging.
If you tell us more about where you want to start your sailing life, just your preferred region, the CF'ers will be better able to offer
advice.
Ann