I have recently purchased a fixer-upper, a 96 Bayliner Capri 2050LS 40th Anniversary Edit.
#1 Pull motor and remove broken bolt, check to see if motor will turn and if so run a compression test and any other possible test there is. If all checks out, reinstall and continue.
#2 If motor appears seized, should I rebuild or replace with long block? I have found long blocks for $1200 with 2 year warranty and the cost of rebuild parts to be around $1000. I would call myself an intermediate mechanic, but I have only rebuilt an engine once and I had assistance.
#3 Its not worth it, I will have more tied up in the boat than it would be worth if it was in good running condition. Get rid of it for what I can get out of it, and forget about owning a boat until I can afford a really good boat. Which I will probably pay more for a really good boat than it would cost me to fix this one and I will be on the water much sooner and no boat payment.
I had planned on keeping the boat for several years and try to get the most out of it. It is plenty big and should have plenty of power for what I need. Just stuck in this crossroad of man vs machine...oh and Mr. Bill Fold is there too.
Thank you for taking the time to read my long paragraph,
Seth
