As a mechanic/inspector type, I'm very glad to see some of the replies to this question answered so honestly. Restoring or even just maintaining an airplane takes more time than most people would ever be able to expend if they didn't completely love doing it or are getting paid to do it. A friend of mine (A&P/IA, avionics guru, fine mechanic, etc) has a Tri-Pacer that he's been tinkering on for seven or eight years, and I seriously doubt it will leave his hangar except in boxes.
For those who are contemplating such a project, notice that Holedigger and warbird1 would never fly something they rebuilt without experienced supervision. Being a pilot first, warbird1 knows his limitations and his strengths. In my case, being a mechanic first and then a pilot, I would have a problem flying or crewing on an airplane that I'm not directly involved in the maintenance of or have at least given a pretty thorough looking over first. It's all a matter of perspective--I've got total confidence in my skills as a wrench, but my flying experience limits me to various spam cans.
Scott
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