This is useful, time-saving, and money-saving advice for everyone working on old boats, but particularly for someone new to boats with such a large project before him:
Get recommendations of books, buy the books, read the books. Before you decide how to do something, learn about it. Getting this boat back to top shape will take some work and there will be costs involved, even just for materials. You'll certainly do it for much less than it'd cost for a boat in good shape, but part of protecting all the money you're going to put into the boat is making sure you're doing things right, since the boat is only worth what it can be sold for. Especially if this boat has a salvage title, buyers down the road will be looking for proper workmanship.
So seek advice from people who know: on here, in boat yards, and in books.
For mechanical stuff, Nigel Calder's "Boatowners Mechanical Handbook", is invaluable. (electrical, propulsion, plumbing, rigging, etc).
For glass work, I've found Don Casey's books to be decent, and Gougeon Bros/West Systems puts out some good documents and books about doing fiberglass work.
For general boat maintenance I love Ferenc Mate's "Shipshape". Even if it is a bit outdated in some small ways, it's a joy to read.
Cheers, and good luck!
Nate