To be honest... any P-car you buy pre 98 could easily be considered a "project". If your into the 70's and 80's, early 90's... even a cream-puff could go down into project status. Why do you think Wayne's book has done so well?

My car was a total cream puff and I've plopped prolly 10-12 G into the car. Lot's of fun stuff, lot's of little things. Would have been cheaper if I had, had Wayne's book earlier.

So, to go into FULL project mode is a Labor of Love only. Not an investment, by any means. It's a car you plan to keep till your pushin' up daisies... My .02:D