Found a great cheap boat!

So I have been looking for a sailboat for some time now. I am a 20 year old Politics major with a limited budget but up for a challenge. Looking on craigslist, I found a 1973 MacGregor Venture 17. I was a bit skeptical about it only being 17 feet long but the price was right ($650) and it looked to be in salvageable condition. Check out the pictures from Craigslist: