So after reading through the forums, I think that I am going to wet sand my hull while the motor is out. the botom has the old 70's metallic red starting to show. i think i am just going to cover that up white so it doesn't show when i am catching big air!

the hull was probably painted in the late 80's maybe 90's (not exactly sure, maybe you can tell by the designs), and it's starting to loose the nice shine it probably once had. there are a few thick scratches that show the old color. some of the paint is starting to crack. i'm looking to do this fairly cheap. it will me myself and my old man doing all the labor. i am thinking about starting with the sides and underneath (most crucial). the top isn't horrible, prolly just needs to be polished and waxed.
anybody have any sweet little nick nacks or "be aware of's" about wet sanding? it will be my first time doing it and my dad has some experience, but it's prolly been a while for him.
pictures make my boat look great, unfortunately it doesnt look this good up close: