Re: Help!
First, It's your boat and you can do as you see fit. iBoats is all about safety so we are going to always guide you the the most recommended SAFE methods of repairing your boat. What you do with those suggestions is up to you.
Having said that...
The best way to proceed is..
Buy a 4 1/2" grinder with a backup pad and 36 grit resin coated discs. Get it all @ Harbor Freight for less than $40 bucks.
Buy a tyvek suit with hood, Goggles, respirator from Lowe's Less than $100 bucks.
How do you know the foam is dry? Did you core sample it?
Did you already cut out the rotted stringers and replace with what we see or is that what you found when you removed the deck?
The lip should be removed. The foam on the sides of the hull must be at the very leas partially remove.
All wood going back into the boat MUST be resin coated and have at least one layer of CSM on it.
The pics indicate you may be using Bondo type fiberglass resin. If so, I would highly recommend you look into purchasing a better quality and cheaper type of resin.
Fiberglass , Epoxy , Composites, Carbon Fiber - U.S. Composites, Inc. it a great resource for this stuff.
Have you core sampled the Transom?
Is this a V-Hull or a Tri-hull boat?
What kind of trailer is it on? Bunks or rollers?
Pics of the entire boat and trailer from various angles would help
Finally, your last statement is correct Bust out another thousand. IMHO you will need a minimum of $1,000 bucks to restore this boat to a safe and usable state. Maybe less but not much.