Welcome to the longhood club!! Your car certainly looks like a great candidate for a restoration. I went down the same path as Combatic suggested and did a piece by piece restoration so that I could enjoy my car as a driver during the project. The first things I did on mine included the flexible brake lines, brake caliper and master cylinder rebuild, and shift linkage and throttle linkage bushings. Here is a link to my thread
http://forums.pelicanparts.com/porsche-911-technical-forum/660560-saving-rat-restoring-69t.html
If you have any questions this forum is a great place to learn as I learned most everything during my restoration here. Best of luck getting the engine to turn over.
Cheers,
Kristoph