Hi John,
By now I'm preaching to the choir (I always wanted to say that) but honestly there are much better drivers out there for that much $. Don’t put your money and hard work into an incomplete project. Especially one that may be rusty. If you can see ANY rust be assured there will be more that you can’t see.

__________________
Tony H
W111 280SE 3.5 Coupe
Manual transmission

Past cars:
Porsche 914 2.0
'64 Jaguar XKE Roadster
'57 Oval Window VW
'71 Toyota Hilux Pickup Truck-Dad bought new
'73 Toyota Celica GT