Home sweet... money pit?

We're considering buying a total dump house with "good bones" and "a lot of opportunity" and completely rehabbing it.

In order to prepare we're researching, reading, and checking out houses. The idea is sounds fantastic (particularly when I pour through a good issue of Metropolitan Home and drool over sleek kitchens) but I'm also nervous.

Mr. Anderson (being a generally handy dude) is feeling 100% equipped for this. I, on the other hand, have very few meaningful skills to offer. But I know what I like in home design, plus I'm terribly bossy, so I hoping that's gonna stack the chips in my favor a bit.