20' I/O desirable?

[Basketcase]

Hey there. I'm wondering what the desirablity of the 20' center console IO boats are. I found one near me with no motor or outdrive for 500 bucks and I'm considering getting it. I would either build it and use it or sell it. If I kept it, it would stay in a wet slip in salt all summer. Not sure how good that is for an outdrive.

Is there anything Seacraft specific I need to watch for on these boats? I know the basics like wet foam/ rotten wood etc but I know each boat has it's quirks and figured if anyone knows them its you guys. This boat is a 1973. Thanks!