Hi Gregg,
Before you make the jump, take one last look for rotting wooden core
and corroding fuel tanks ( see examples of what you're looking for on
Dave Pascoe's excellent site
http://www.yachtsurvey.com/ ). Either of
these can be a nightmare because you often have to rip the boat apart
to fix it. Almost anything else is reasonably fixable (and that's half
the fun!)
Carl