So I came across a used 225 Carb'd Ocean Runner for sale. The motor runs BUT has a hole in the block, go figure. Guy wants 750.00 for motor and everything it needs (wiring, gauges, etc). I was planning on spending ~3-5k on an engine when the time comes, but this is exactly what I want. A new powerhead for this engine is 3-3300 depending on where you get it from plus you get some money back for the core. I think I may go this route.
I'm getting the exact motor I want, carb'd, everything it needs to run, and with the cost of the powerhead I will be right where I wanted to be money wise. At least this way I know its new and won't have to worry about previous maintenance etc.
Only bad part about this is its in MA. Not a far trip from LI but it's not local.