What to do
 

Scored a free Peavey Milestone II yesterday thats in need of repair. It's a neck, body, and bridge plate (the two saddles that were left are being used on my foundation). It also came with the pup and wiring but I doubt they're any good.

After crunching the numbers I figured I could:

Rebuild it super cheap and resale it cheap with prophet enough to buy a fuzz pedal (month long project)


OR


Rebuild it with decent parts and make it a great player. (year long project)


What would be your choice?

I'd go for the second option. You can always sell it by parts later if you get bored.