Fortunately, all the deck and cabin beams are teak and appear to be sound. Some of the floor beams are rotten and will have to be replaced. All the bulkheads are plywood with mahogany strips overlayed. Most of the strips are delaminating and I think the plywood is as well. Actually all the plywood in the boat is delaminated. I guess in 1972 they weren't using water proof glue. All the wiring and plumbing is getting ripped out. I'll pull the Perkins 4-107 engine out. I was told by the previous owner it ran ok when the boat was put into storage almost 20 years ago. I'll tear it down, go through it and do whatever is necessary. Fuel and water tanks come out but will probably go back in as they are stainless steel. Bowsprit comes off and will replaced. The cockpit was rebuilt at some time but is questionable now. At the least the teak decking will have to be removed. It is very weathered but I took a piece off and ran it through a planer and it looked very good, like new. Teak is amazing wood. It's also amazingly expensive at over $20 a board foot the last time I checked. I'll reuse what I can.