Paid to restore a car.... Questions.

Full disclosure: It's a 1965 Mustang.

Beyond that, someone I went to school with has decided to buy a 1965 Mustang he found while working in the insurance business. Inline 6, automatic car. Exterior shots from what I see show a sunfaded finish, minimal rust. He says it needs driver floor pan, but supposedly no other major rust through.

Not sure if he wants to keep the 6 (has headers? haha), or go to small v8. I am thinking the plan so far is to strip the body, straighten, and paint. Color unknown, currently burgundy. Maybe pull straight 6 and detail, rebuild carb, etc. Run through fuel system and brakes for safety, and let him have a cruiser.

What do you guys who do body work on the side charge? Per hour or job?
I am by no means a pro, but have sprayed several flip cars, done base coat / clear coat on my Typhoon, and have the majority of the necessary tools. I feel comfortable it is within my abilities to bring this thing back to a nice runner.