This is a pic of the bulkhead rot on my boat.
I kept following the rot until I ended up here (actually a little beyond here)
It took a solid 3 years to end up here
Good luck, and have fun. Once you start you'll know how deep the money pit is. It will look like you can fill the pit with 5's, but it will actually take 10's and 20's. In the end it will be worth it, a Sabre 28 is a nice boat.