Cuddy Cabin interior damage question

[joebagOdOnuts]

I'm thinking about buying a project boat with interior damage. It looks as if the boat was flooded.(?) Since I see the damage to the wood by the floorboards, I was wondering what I'm getting myself into, I.E. what can of worms I might open. Weather wise, the boat is located in Florida. Owner claims it was under cover and was going to be re-furb'ed. I asked if the floors were solid, he replied they were, but some of the deck hatches were soft. He suggested they could easily be reinforced, and the cabin floor would need to be re-carpeted. Any opinions of what I'm looking at that might cause me to re-consider going through the expense in buying and picking the boat up?

~joe B.

[Sailmonkey]

unless it's almost free.....there's a ton of work involved in fixing soft spots.