318 budget build help?

To me the idea is good but I have the need to feel proud about what I drive, and a shitbox does nothing to the pride, where as a nice little project v8 would. I have a passion for them and I'm tired of only expressing it online or in theory, so why not put that passion to better use, right? It's going to be an over-time-as-I-drive kinda deal so I don't expect it to be the baddest car on the street after a month or two, so I will be patient with my first.