I would second the advice given about getting a sound vessel and enjoying cruising. A project boat as a first boat could be very discouraging. We started with an Albin 25, which has a great reputation because of its seaworthiness, economy and use of space. Cruised to some beautiful places in her. We like the idea of a trailerable trawler as speed was not our ticket. 7 knots was perfect for our first trawler. We have moved into a larger boat now, a Willard 30 and our Albin is in our yard about to be winterized and placed on the market in early spring. Email us if you'd like to see photos. Check out our blog from one of our triups to get an idea of what an Albin is like.
http://princesslouisa2010.blogspot.com
Keith Olive