Paul Rood wrote:
other than engine and all electronics replacement, what are the pit fall to
look for.

Paul, before you dive into one, you might consider this thread I
started last Nov. My cousin was wanting to get into a paying hobby of
rebuilding boats. like damaged, neglected, sunken, etc. it's a lengthy
thread, but has some good insight in it .

http://groups.google.com/group/rec.b...b10550fcfbc7fe

Needless to say. My cousin talkied himself out of it, possibly for
realizing too much investment for risky return....