Welcome Billy! Sounds like you and I have a lot in common as far as getting an early start on mechanicing! I can remember going behind my dads garage, taking junk motors apart when I couldn't have been over about 8 years old!
You have received a lot of good advise here! What you are contemplating doing is a whole different ball game than anything you have listed you have done before.
Not only is this a very expensive undertaking, diesel engine repair is an exacting, unforgiving process.
This involves having machine work done. I don't know what is available in your community, but I live in a large metropolitan area, and it is near impossible to find a competent shop. Add to the fact that you are young and inexperienced, many of these shops will be unwilling to work with you, and worse yet, will take advantage of that!
As others have said, best to start out with something more forgiving and less costly. My suggestion would be an automotive project, something simple and cheap, like a small block Chevy or Ford. Automotive parts are much cheaper than tractor parts. This will not only get you some experience, it will get you "in the loop" as far as finding out where the good, honest and willing machine shops are. Hint, go where the racers go! If there are any dirt track, or drag strips around, start hanging out with them, make some friends, pick their brains! They will know who is who when it comes to getting quality work done.
If you want to do something with a tractor, stick with something gas powered, like a small Ford, Ferguson, IH, etc. My first tractor experiences came from working on tractors for others. If word gets out that you can fix them, there will be people willing to give you a chance to take on their otherwise cost prohibitive projects. You can charge much less than the dealer, get some good experience, make a little money, and keep one more tractor out of the scrap yard!
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