[rfuerst911sc]

Here is my opinion yes the engine can and should be rebuilt. Having said that with zero experience I would not recommend you do it alone. Yes there are books out there that will help guide you but that is not enough. There are specialty tools that are required. You are in S.D. my recommendation is find someone local off this forum that has the knowledge and is willing to help you. Now you might be able to do the build correctly, make a new friend and have some fun. If nothing else that person can maybe help you determine if the engine is a basket case needing lot's of machine work ( $$$ ) or that many parts can be reused to keep the cost down. Just so you know a " cheap " rebuild will probably be in the range of 5,000-6,000 and that is quite conservative.