[77Birdman]

Perspective from a want to be owner... I have bought dozens of antique motorcycles over the years, many dating from the 20's. The first thing I did with everyone regardless of condition was to sort out the motor. This may be easier on a one or two cylinder m/c engine but probably not any cheaper! So if it were me, I would take the engine out and do a once over. That way you KNOW what its made of and its capabilities. Nothing like having a new to you car that you think runs ok, take it out for a sunday stroll and end up on a rollback. That would sure put a sour taste in my mouth!! You said car was mint but some panels missing, is that int. or sheet metal. Wood is another weak point with these cars, and replacing and repairing is not for the faint of heart. Not knowing your price point, but consider that for not much more than the price of a lot of 'projects' you can get a pretty decent, older restoration that may need less work. Good luck with your venture.