That's fine, it's what the forum is all about. Just take some replies with a pinch of salt.
I think that you should look elsewhere for engine options though as I've said 8v's are limited simply by their operating nature, unless you are willing to throw major money at them for Forced induction (turbo/SC) which is mega mega bucks, talking forged pistons, rods, crank which would take you nearly to your budget already.
You've got a garage, so use it. I would post pictures of progress though as people can give helpful pointers on things they spot. Put your money to good use though, you are on the right track with sorting out the chassis though. I'd move to body work as you can load a car up with good kit, but if you have a shabby shell, it will just kill off the entire enthusiasm to the car.