^^^ I have had many project horses in the past - all of which I boarded and was able to sell for a decent profit (I guess I was/am having a lucky streak in the horse business); however, all of them have been "safe" projects - no major confo faults, etc... none as bad as this guy at least. I have worked with babies and with older horses - I have never sold a horse for more than it was really worth... hence, I am picky when it comes to choosing a project horse... they "have to work out" to some degree... (which is a risky notion all in it's self)
I like to say I am a very fair and reasonable horsewoman. When I show and train, I am sure not to push the horse past their actual capabilities. I have more respect for the animals I work with... I see them all as deserving a good home and if I cannot sell them I am willing to accommodate to their needs and take on the responsibility/pay extra money to keep them (although I never had to yet).
I am looking for a reasonable Show Jumping prospect - one who can potentially make it to the top... I just feel that this guy is 50%/50%...he can end up going either way - it's hard to tell since he's still growing, but worse case scenario - what happens if his legs never straighten out, or, as you mentioned, if he develops some injury/issue that hinders his capability to perform (I mean this can happen with any horse with "perfect" confo, why risk it more with something with less then good confo?)...he's a gelding - I can't breed him. Looking at a business stand point...there's a huge chance I will be losing money with him. I'd be paying all this money for a big grand ol' Warmblood trail horse/pasture ornament...
Knowing this risk before hand, I feel it would be almost crazy to consider him at this point. Financially I can afford to purchase, board, train, etc, but if by chance he didn't cut out or isn't capable of really doing anything, thus affecting my ability to sell him, it would be big for me. As I have said, I am willing to keep any horse that I get and who does not sell, but I'm still in college and this horse stuff is helping me pay off my loans...so to lose on this would be pretty bad... (Like, I'd be able to get by fine...but I just really want to pay off my debts soon as possible.)
There will be many other opportunities for me... there are many other horses out there... who knows, maybe if he's still for sale in a few months, I'll re-look into him - see if he improved much...