Welcome to the site. Congratulations on your purchase. Like all V20 project boats you have a diamond in the rough. How much you are willing to spend in time and money will determine how brilliant your finished boat will be. You've certainly come to the right place for information on what to do and not to do on how to restore her. The people here have years of experience in these matters. So if you have questions, just ask away or better yet, do a search here for the answer to your questions. At the very least, you got a tandem axle trailer for under $500, and assuming it's not rusted out that's a good deal in itself. Please remember that one picture is worth a thousand words.. and we love boat porn here. So please post pictures of your restoration project.. it's the thing we love to see most..... well, almost most.. there are a few other things I can think of, but this is a family site. 
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1987 V20 w/1987 150HP Yamaha on a Shoreland'r Trailer
1978 16.5 Airslot w/1996 120HP Force on a Four Winns trailer
1996 V21 w/1993 200HP Mercury on a Shoreline Trailer
All towed by a 5.7L Hemi Durango.
If God didn't have a purpose for us we wouldn't be here, so
Live simply, Love generously, Care deeply, Speak kindly.
(Leave the rest to God) 
Silence, in the face of evil, is itself evil. Not to speak is to speak, not to act is to act. God will not hold us guiltless.
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