The best advice I could give you would be to have patience. I know you're fired up about buying a car right now, but all of the cars you are looking at are going to have issues.
These guys have all given you great advice and the smartest thing you could do would be to buy a decent completed car from someone: I'm glad you have decided against a project.
I think you should seriously just wait... I know that's not an easy thing to do but a couple years will go by like a shot, and in that time you could up your budget considerably and buy yourself something that you'll be happy with. If I were you I would make it your goal to buy one. Put up a poster of a '71 up on your wall, listen to "Patience" by Guns 'N' Roses once a day and just keep putting money away. You said $50,000 was out of the question. I think you should make it your goal to save and look for a car around $35,000 that someone else put 50 into. I think that's realistic if you just want a decent "stock" build that you'll be happy with and be able to enjoy. But... don't think for a minute that even though you buy a nice one that it will be flawless, because even the $500,000 cars can have issues. It's not a brand new car with a warranty.
Look at the "cars for sale" on here and protouring also. There are stock ones for sale on here and the guys will be way better to deal with than idiots off of craigslist. There are constantly cars up for sale.
Good luck and don't give up
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