I'd go with Jim's price point. $4-$6,000 would be it. I paid less than $10,000 for my project, with a good engine (hopefully), new interior parts, new paint, good radios, etc. And I am slowly going through this thing and can testify that doing a project takes ALOT of time, even one that is good shape. Start throwing in unforeseen repairs, and time and money keeps going on up. Then add in kids and women to the mix - um, well, yeah!

My outlook with my project is that it is an asset and I keep an eye on the end value of it. But it is very cool to have my own airplane sitting in my garage, I mean hangar!