I got my first boat ever the other week... An 1989 Avon (dunno what model yet) with a 25hp 2-stroke Yammy motor that looks like you could eat off it. I ran it up and down the coast of Newport Beach a couple hours this past weekend, it purred like a kitten (loves to run flat out, apparently) and didn't sink so we're in business.
Boat is about 3.5-4M, has a front steering console with side-mounted remote controls for the outboard, came with a bunch of accessories. Should be a fun project.
Net cost: $338 (after CA registration and title)