Re: restoring an old car
A. Buy something you'll want to keep because you'll pour in more money than you'll ever sell it for.
B. Buy something you can actually get parts for, do some research before hand, there's projects scattered from Malibu to Nantucket that people started only to find that they just don't make certain parts anymore which means you have to make them yourself or pony up the big cash to have somebody else do it.
C. Speaking of projects started and unfinished. You can usually find a few of those around for sale.
D. Don't bite off more than you can chew, be realistic about your knowledge of the various aspects of restoration