May be a can of worms, but here goes......
The idea here is more of a guide for every Tom, Dick and Harry wanting to but the cheapest Z they can and restore it.
Here's my 2 cents.
I'll keep it short and sweet.
You want a project car to work on right? Then you can spend money on it slowly and build it up over time.
Next thing you know, it's been 10 years and you've not only lost interest. You've still never driven it!
Buy the best car you can afford. If you can't afford the best car, the cheap one will cost more than that!
People think that buying a rusty clapped out POS is going to be the best option. It's not.
Even a guy who loves working on cars and has years of experience, will want to buy a good solid base to start from.
What are you going to spend yours on?