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No matter what, a car like this (or most mid-years) that are coming up for sale that need work just because they have been sitting it will cost you another $5k to straighten it out.
$10K is probably more than fair (considering the rust issues and if these are isolated in the areas you describe).
I know midyears well since I have been knee-deep in it for 2 years.
Any CIS car like this that has sat will need:
1) New fuel lines
2) A tank flush at the very least (may even need a tank)
3) Clean injectors
4) New accumulator
5) Possibly a WUR/Fuel Distributor rebuild
6) Wheels bearings (front), bushings, shocks
7) TIRES, TIRES, TIRES for safety
8) Brake fluid flush, maybe a new master, new rubber lines for safety
Listen, I am sorry your friend is sick and this blows but if you get too sentimental about the car and about the circumstances it will cost you. Bottom line is that it's a labor of love to begin with. Don't get bit, and to be fair on both sides they need to know that any Porsche is a $20K car (though now this is old math), a mid-year is a $25K car. And that's if you do all the work yourself. It can get overwhelming at times.
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