First thing I'd do is take a really good look at the body and frame to see if it's even worth messing with a restoration. For most run of the mill builds an engine costs 5-10k while half decent body work and paint costs a whole heck of a lot more. Next would be a compression test and an oil pressure test. Those will tell you if the engine is in any sort of shape. If it's not, then you need to decide if you want to rebuild or put a crate motor in it. Main thing is have a plan, make a budget, then triple it. My Scout has been a work in progress for a few years now. I've gotten it to where I can cruise around town, but the reality is it'll take a lot more money than I'm willing to spend to really restore it. It runs good and gives me something to tinker with, so +1 on the comment on getting it drivable to keep interest. When you see my hoopty coming best move over!
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