Jeff,
Where do I start? Well positives... the tailpiece, tuners, strings, and bridge are in pretty good shape.
If I were to take this bass and do everything I think it needs:
1) Open the top and "clean up" all the shabby repair work to the back... there are these awful "patches" to reinforce the flat back. Really thick and I can't tell exactly what kind of glue... probably alpharetic resin.
2) Try to reshape and patch the top to relieve the sinkage and deformity.
(Get rid of the second sound post.
)
3) New fingerboard, saddle, nut, endpin.
Setup and hope for the best. It will be a long and expensive process. Who knows what I will find when I crack the top? I am also going to have to be really careful and patient with glue removal, etc... Hard to tell what multitudes of sins have been committed here.
Thanks,
BG