Thanks 68tpls400, you have been a big help so far.
After searching the For Sale threads here I'm seeing that a lot of unfinished projects are sold for pretty cheap ($6k to $10k ish). Maybe I should look for one that is not so far gone. I will wait for more pictures from the seller of this one to see if there is underbody/frame rust. If the pics check out I will go see it in person.
There aren't many firebirds for sale around NJ right now so I may just have to pass this one up and be patient. Man I hate waiting!