buy to drive/fix for self... else you will find no profit in rebuild to sell.. my opinions on things like this is simple... buy... sell at same cost... OR find a buyer willing to PAY YOU to rebuild for them... but to think you can rebuild/resell for a profit.. not happening now a days.. 10-15 years ago... 300$ truck.. rebuild.. so on.. yep you could make some coin... now.. 1k truck.. good used diesel set up dipped in gold 1500... add in brakes.. tires so on... you got a easily 3000 truck.. bEFORE your time..
http://portland.craigslist.org/clc/pts/2963913550.html For comparison purposes. That is why I'd start higher on the one you are looking at. Cuts out the lowball effect.