JohnM -- That is a great idea. Through this I've learned it's important to really find out "where you are" on something. I.e., not put my head in the sand any longer. Then I can make as level-headed a decision as possible.
If it's not unsafe, I may just simply enjoy it for a while. All else is in great shape.
And as cabrioletturbo and Shvegel have suggested, if it is in need of a full boat repair, it may be wisest for many reasons (sanity, finances) to take my hit now. I imagine it could be sold at a reasonable price that I can stomach, but that also gives the new owner a nice value proposition. Translation, I take a huge hit, and the new owner starts at a lower entry point and can afford to make those repairs, albeit pricey, and still be right side up.
Cabrioletturbo -- funny thing about my wife. She has been incredibly supportive and encouraging throughout this entire process. What I meant by not acting too quickly is with regard to selling. My bride is fine with me keeping it and fixing it as finances allow. It is me that may not have the stomach for it. I purchased this car when single three years ago from the local MB dealership, and have since gotten married, had a child, and have another one on the way within the month. So circumstances have changed quite a bit since I made the plunge.
Thank you for all the help.