12 to 15 yrs ago I owned a Hunter 23. It was great and I regret selling it. Recently I found another that is in really bad shape. Its basically a pot for plants. The fellow is offering it for free but I wonder if its too far gone. My main worry is structural integrity. The two bulkheads are rotted out but if I replace those with marine plywood what else do i need to worry about to make it worthy enough for the Chesapeake Bay on a good day(no strong winds). It has all the main components, mast, boom, rudder, etc. but no sails and no outboard. I'll replace all standing and running rigging, winches. Trailer will get new axle hubs and tires. That keel needs a bit of work. That's a lot of money and time. Is it worth it or is this a parts boat? Any advice is welcome especially in determining hull integrity if there is any left, thanks. I did my best with the pictures.