Commercial Point, Ohio. Commercial Point is a village in Pickaway County, Ohio, United States. The population was 1,582 at the 2010 census.
Yes, you can use latex paint over oil-based paint. First, scuff down the surface of the oil paint layer for improved stickability. This has less to do with the initial coat being oil-based than the fact that this is a paint-over-paint project.
It needs to dry before painting/priming. Time depends on conditions, full sun/wind will dry quicker than shade. Expect to do a little more scraping after cleaning - the water will lift any edges of paint not bonded well to the wood. Tannin bleed is the main reason for using an oil base primer over cedar. It may or may not be an issue with siding that old. A big issue with older homes is the lack of vapor barrier.