I would have someone who knows what corrosion to look for on a Mooney assess the plane. The listed owner shows the plane was last flown last July and has been based in Florida. If you have corrosion on the steel cage and/or wing spar, it’s repairable but will be a lot of work and cost. There are two Mooney owners on this site who have done wing replacements/major repairs. They can comment on the amount of work and cost. Same goes for the steel cage. If the plane gets past that step, I would continue to build out a list of what you need to rebuild it. Sounds like you started already. I didn’t catch if you are an AP or IA, if not, since this is a certified airframe, you will need someone to sign off on any work you do. As owners, we are limited on what we can do. Someone willing to work with you that has the required credentials? I would make friends with Alan Fox and Jerry Pressley. If you need components, they have or can get access to what you may need. There is no Costco or Walmart for unique parts on vintage Mooneys. Once you have an idea what it will cost on paper, I would decide if the project is financially viable. If you are going to stick $60k in rebuilding of this aircraft, it might be better to find a plane in that price range. And oh yeah, get your medical started. Maybe you won’t pass even Basic Med. Then what you going to do? Try to beat that guy who posted pictures here of himself flying his two kids around on a student pilots certificate? I’d admire your passion. Hope you can pull it off. Unfortunately we have also seen owners get kneecapped by unexpected expenses. Good luck. Sent from my iPhone using Tapatalk Pro