CC, I know what you're going through! I'm 63 and just bought a '73 Pearson 30, it's not my dream boat but it's what I've been looking for for now. The Atomic 4 needs work but I believe it can be salvaged. I only paid $2000 for it but to get it out on the lake I had to buy an O/B. It works and I get to sail, so what if I don't have the best at least I'm out and not sitting on the dock. I paid $2,000 for the O/B, but I figure I can pay a mechanic to fix the A4 and pay myself back by selling the O/B and then I've got a boat I can sleep on for less than 4 grand!
Get someone to look at it to make sure it's a good deal and go for it! You'll kick yourself if you don't! (my 2 cents) Lee