I looked at the Lido 14 this morning. It's nearly ready to sail, so not a complete project boat, but it could use some more care. The 'nearly' is because the rudder apparently fell off, owing to some problem with the hardware attaching it to the boat, so it needs some repair and/or possible fabrication.
The woman who's selling didn't have the rudder handy. Apparently, she bought the boat from a guy who has used it for a few years to teach boy scouts how to sail. He sailed with her each time they went out and he's got the rudder. I don't know if that's because he was planning on getting the repair work done.
The sails were in fine shape and the rigging is all in good shape, with the running rigging having been replaced this summer. Kris is going to look at it this week and we'll make a decision before next weekend. The plus is that it's under a thousand bucks to get into and restoration will be inexpensive and good experience for us.