Newb here.

Hi guys and gals,
Love the forum, ran across it many times in the last few days in my quest for info.

Last weekend I bought my dream car, a '65 Barracuda, 273 2brl, auto (not a 4spd like I wished but oh well). Runs great the engine fires right up cold, no ticks, knocks, exhaust leaks, powered itself right onto my trailer. Right now it has a bad rear wheel cylinder so I haven't gotten it out on the road yet.
They wanted $3500 for it but as I was walking away he blurted out $2000 take it!
I figured there's $2000 worth of parts although I hate seeing classics ripped apart. So I took it.

The bad: the reason I was walking away was RUST, and really bad body and paint work that looked like rust, rear quarters, lower front doors, and floor pans, the rest of the body is clean.
It also has a WA "reconstructed" brand on the title, I'm guessing will be changed to "rebuilt" if I register it in my name for a new title.

Here's my question, do I spend the money and time repairing it? Or do I just flip it for what I'm in it and keep searching for a better one? I know these aren't the sought after muscle cars that everyone wants a billion dollars for but I don't want to sink in over my head either.
I worked a trade for $4000 worth of metal/body work from a buddy whose truck I bought from him and he wants it back.
I figured I'd also do a little upgrading like 4wheel disc brakes, and some other stuff, I'm not looking for a show car I want a cruiser.

Any and all information, insight, or criticism welcomed!!

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