Looks pretty on the outside but is rough from the description. None of the photos show the worst items (floor pans, shock towers). You are looking at a huge " some assembly required" project with significant rust issues. So you face a couple of daunting issues with how bad is the rust really (unknown until completely disassembled and exterior paint checked or better yet removed) and "Are all the parts I need really in all these boxes?" The current owner has done you a disservice by partially disassembling the car as you were not able to document how things were installed. This will make reassembly much more difficult if this is your first FGF project. There is the issue of the car being far from original so there is no collectiblity factor along with a lot of custom touches for taste that were done like the Camaro rear spoiler, aftermarket painted mirrors and small, wide tires and wheels.
My opinion is that you are looking at something that will take a long time and a lot of money to be back on the road again. More of each than I would be willing to invest unless I had a lot of both at hand. Depending on your skill level you are looking at investing 2 to 3 times what the car would be worth when you are done, so you really need to want to keep it forever.
2012 Mustang Boss 302 #1918, Competition Orange. FGF replacement 2006 Mustang V6 Pony, Vista Blue. Factory ordered. 2019 BMW X3 (Titled to the wife, but I'm always driving it for her. So I'm claiming it) Old projects, gone but not forgotten: 1967 FB 400, original CA car. After 22 years of work, trashed by the guy who was supposed to paint it. I had to sell it. 1980 Turbo Trans Am 1970 Mustang fastback, 351C 4Bbl, auto 1988 Mustang GT, 5 speed 1983 F-150 4x4, built 302 1994 Chevy K2500 HD 4x4, 454 TBI