I picked up a Muddy Waters Tele.
It was advertised as a "project" at a pretty decent price.
I'd had one before and wished to have another so I gave this one a try.
I was pleasantly surprized by how not beat it was.
Only thing really wrong is a piece missing by the neck route.
I put some barrel knobs on and a 3 ply guard. The neck is great and the pickups sound really good.
I'm pretty happy with it so far.
The ping tuners are beyond crappy. Must be damaged. I was planning on replacing them anyway and already ordered a set of Vintage style Gotoh Locking tuners from Stew Mac.