I'm full of admiration for anyone taking on a major rebuild, especially if you are still working full time. I have always preferred paying over the odds for a well restored car and then enjoyed the tinkering bit knowing the PO took the hit on pain and cost, usually not recoverable. Its always worked out best for me given the limited space and resource.
All depends on what your aim is but I rather agree with Adrian, focus on the end game before you leap into it. But good luck.
