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my very small 2cents:
A personal observation:
I have an 80 targa I drove once and was hooked. I knew I wanted to someday hot rod it. I scraped together all I could and bought it CASH. 3 mo later I was hearing a broken head stud. 20K later I have a hot rod, big motor with big HP. 20K more and I will have my dream car.
Ultimately, was it worth the 53K? The so called gold plated porsche (a good book you may enjoy reading)? My wife and many many pelicans will say no. I say I LOVE tinkering with it all the time. Do I love it more than buying a brand new corvette? I damned well better...
This car sounds like it needs someone who WANTS to tune/rebuild/modify, I mean get in there all the time. If it is a semi rusted longhood with a 3.0l turbo (porsche factory set up) motor installed you might have a situation where you could buy it and part it out for profit, assuming you have the time, place, and know how. If it is an aftermarket turbo kit it would be alot riskier.
Based on your question "where is the turbo?" I am not sure you are this type of person.
Not to put you locals who know where this car is on the spot, but maybe you guys can go with her? I think these guys could identify what you are looking at with some certainty. They might even help you look for a nice PPI place.
CHECK THOSE HEAD STUDS!!!
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