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Sorry if I didn't read each and every post carefully, but it looks like they're basing the car possibly needing an engine rebuild on an unconfirmed broken head stud? They didn't do a compression/leakdown test?
The prices quoted are insane, and it looks a bit to me like the shop was throwing everything at you to see what would stick.
Half of the stuff on that list would apply to the majority of the air-cooled 911's for sale today, unless a shop just went through the entire car and sorted it all, and that's a car that you're not going to get for $51k.
This is a 41 year old car, and parts and labor continues to get more expensive. I think anyone who buys one of these cars today needs to expect to spend $10-20k off the bat, unless you can wrench on it yourself. The pic looks great, and it's probably going to be a great car for you once you work through a few things and spend some money. Good news is they aren't getting any cheaper, and your depreciation is pretty much limited to the money you have to spend to make it safe and reliable.
I'm sure there are plenty of guys on this forum that would be happy to get you out of the car for what you paid for it.
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2018 Porsche 911 GT3 manual
1984 Porsche 911 Carrera Targa
2021 Porsche Macan GTS
2018 BMW R1200GS Adventure Rallye
2020 Ducati Scrambler 1100 Sport Pro
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