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'72?
IMO a '72 is a somewhat special LWB due to the passenger side oil tank - I don't see it on this one, double check that it is a '72.
The interior looks pretty good in the photos (for the age), and the body looks decent as well. Rust is the great unknown of course, and that could be expensive.
IMO an incorrect engine takes it out of the "big money" LWB realm.
I would have it checked by someone knowledgeable about vintage 911 rust areas and check for all the hard to find LWB bits to make sure they are intact inside (gauges, trim, etc.) and out (hood badge exterior trim, mirrors, etc.). Add up the rust repair costs, new paint, mechanical refurbishment, trim restoration or replacement, etc., and search recent sales of non-matching same year 911E's for guidance.
Other than saying "I would buy it for $20k based just on this picture" it's hard to look at a few rough photos and come up with a fair price...
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