One more thing to consider...
is disposing of the old paint once you get it off the boat. Don't know what the laws are where you live, but I'd check into what needs to be done with the waste so you don't get in trouble if the state EPA or whoever regulates that sort of thing where you live. As to sandblasting, I've heard that the preferred blast media is baking soda, as it is tough enough to remove the paint but won't harm the gelcoat, as other media like sand or walnut shells will. And, like Ed mentioned before, make sure you have and use full protection, from eyes, ears, respiration, a Tyvek monkey suit, gloves, etc. Sandblasting off a toxic substance could have serious health implications if you don't take care of yourself, so be careful!