You guys have addressed most of my concerns and I thank you all for that. I just knew something was fishy (pun intended!) seeing fairly decent looking boats for almost free. Most that supposedly still ran. I'm still not real clear on how to find the rare gem that I can just spiff up a bit and use, but I will proceed with caution if I find something I really like.
I've never restored a boat, but have fixed up and restored a few cars. Only one was a major project and as owner #3 I did all the dirty work and painted it, but ended up losing my storage/project garage which I shared with a friend. Which left me with no good place to work or keep the completed car, so dumped it onto owner #4 for a nice profit, but still quite cheap for a rare car.
Not ever tearing into a boat I'm only guessing what it would be like, but I'd think dusty and itchy for sure. Carpentry and glass work I'm well versed in, but never done glass on this kinda scale. I can't even imagine buying resin in 5 gal buckets. Heck a quart lasts me for years. Worst part of working on a rusty old car is the grinding. Cleaning up the old metal, cutting out what is wasted. When it comes to the bottom, you're doing it right over your head, so a boat would be better in that respect.
The fun part to me was the welding, the bodywork, painting, and then FINALLY putting all the pretty parts back on. IMO and just guessing again, I put enough time into my Camaro to re-do a half dozen boats. We're talking thousands of hours over several years. Sometimes it seems like there is no light at the end of the tunnel. Plus your work has to be nearly perfect as most of it can't be hidden. Like the wooden parts of a glass boat.
I'm curious about one thing though. For 88 Capri: Did you know what you were getting into or were you shocked to find all that bad wood? To me it's one thing knowing what you're facing, but finding it's way worse than you thought can be demoralizing. My Camaro was like that. The further I tore into it the more work I found. At times I thought I should just part it out, but it only had 50k miles on it and I love old Chevies.