There is so much work that would be involved over time your just going to get fed-up with it!!! Your most likly going to lose interest and wish you had never got involved & now you have all this money invested in a unfinished boat thats not worth anything... I had an older boat that needed attention every week (nothing as bad as yours) but it got to the point were that boating was no longer fun it became work!!! If a project is what your looking for atleast find one with a good hull. Then you can do the motors, gauges & nice interior . Just my 02.