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I was looking for a "project" (or thought I was) and went down the road of purchasing a non-running shell and starting a rebuild. That was 4 years ago. It's still in pieces, but the pieces are getting bigger. Here are the lessons I learned the hard way:
#1 - TAKE YOUR TIME. Research all you can. Keep your eyes open for opportunities. Maintain emotional detachment and be ready to walk away from every deal you see. Don't be in a hurry to buy something just because you want it.
#2 - BE REALISTIC. You can easily set yourself up for false expectations just by looking at all the fine examples of 911's here on the forum. You might see somebody's "daily driver" flaunted here, but you may not see their huge shop, the massive toolbox, the years in rebuild time getting there, and the $$$ that is still being invested to keep the thing running.
#3 - BUY THE MOST SOUND CAR YOU CAN AFFORD AND ONLY SPEND 1/2 OF WHAT YOU THINK YOU CAN. Jake's statement above is 100% correct. Purchase the most-sorted, best running engine & trans with the newest body on it you can if you really are looking for a daily driver. You'll want that other 1/2 to fix stuff.
Best of luck in your search.
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