Salt water will rust tupperware. Hate to say it but dont throw a bunch of money into a chunk of rust and corrosion. You can find a decent running engine for less. Do what Ridge said and go from there.
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1985 Wellcraft V-20, Evinrude ETEC 150: SOLD
1979 Marine Trader 44, twin Ford Lehman 120s
2006 Panga 14, Tohatsu 20
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