Another book you really should read...

I mentioned this book by Keith Carver a couple of years ago but "Sailboat Cowboys Flipping Sail Post-Sandy: The Art of Buying, Repairing and Selling Storm-Damaged Sailboats" is still an excellent read on the subject of buying boats cheap, fixing them up, and selling them for a profit.

As it happens I just read it again this morning and it still holds up well and the advice contained within is still spot on.

Better yet, it's a great book to use as proof of concept when someone is telling you a cheap fixer-upper is nothing but a money pit and your dreams will all in tears. 

Just tell them to go read "Sailboat Cowboys Flipping Sail Post-Sandy: The Art of Buying, Repairing and Selling Storm-Damaged Sailboats" and let you get back to working on your DIY refit.