I had a 77 Correct Craft American Skier. It was 17' long and was a blast. If you can get it for about a grand and it runs, I say go for it. It would be a good first boat. You could use it for a summer or two and put some TLC in it and probably come out slightly ahead. Then sell it and put it down on a newer one. Thats what I did. Started with a 77, then a 83, then got the 210.
I searched and I could only find a pic of it from the guy that bought it from me. The wake was okay and responded pretty good to weight. With some more digging I might be able to find an old pic on the net somewhere.
Next two boats. The first one is for practice. Then you can try to take care of the second one. Once you get to the third one, your ready!!!