Boat Painting

Hello, I am new to this list and the world of boating. So please forgive me if I ask some stupid questions.
I recently acquired an old 15' runabout probably a 60's model that used to belong to my grandfather. It's nothing special but has some sentimental value so I am going to attempt to fix it up. It had been left uncovered for 2 years and was in pretty bad shape when I got it. A few days ago I completely gutted it, since everything was covered in mud and standing water. I actually had moss and some small oak trees growing in it.
So anyway I have it all cleaned up. I gutted it and pressure washed it inside and out. It desperately needs a paint job. But since I don't want to put $2,000 into a boat that I could buy for $500 with a decent paint job already, I am going to attempt to paint it my self. So no doubt I have some questions. If someone on this has time to help me out I would really appreciate it.
1. I plan on sanding it down with 120 to 220 grit paper. I have a palm random orbital sander and a palm circular sander. Which one would be best to use?
2. What is the best way to paint a boat? I have an air compressor with a cheap gun. I have no issues buying a good gun if the cheap one wont work. What type of primer can I use and does it have to be a special primer? Any suggestions on the paint. I want to do this the cheapest way possible and still have it look decent.
I need to buy seats and carpet too, is there a good place online to buy this stuff for cheap?
Thanks,
David
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More boat accessories than you'll be able to sort out here:
www.cabelas.com
and:
www.westmarine.com
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I have read about the roll and tip method and people seem to think it works well. I have an air compressor and a gun though. Would this be a better way to do it?
Also, instead of sanding can I use a stripper of some sort and them pressure wash it off?
For fiberglass what is the recommended primer and paint (cheap but good).
Thanks,
David


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Like damn near everything I spew about, I know nothing about painting a boat. I did help my grandpa when I was a kid so that makes me somewhat of an expert don't it?
I can copy/paste boat store URL's gooder too!


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