Need help quick! Will I be over my head with this?

Hi everyone, I haven't posted on this forum for years...I'm finally able to get back into Mustangs, but I have to start with a VERY cheap car. (roller cheap) So, I've found a 1986 notchback roller in my area -- It's only $500, and has NO rust or body/structural damage whatsoever. Trunk, floors, frame rails, everything is solid and it has a clear title. The interior is NICE and complete. There is no engine or transmission of course, and there also is no engine wiring, headlight wiring, gauge cluster, steering shaft, or heat/air components. As far as I can remember, there's nothing in the engine bay besides the master cylinder. (I'm at work so I can't look at the pictures) It has the stock 7.5" rear and transmission crossmember and "double hump." (What is this? I've never done much work on Fox's...just a 69 Mach.)

So, my question is this -- do you guys think I will I be in over my head assembling this car? (with access to junkyards of course!) I have probably a year and a half to work on it until I will need it to be my daily driver. I'm not an automotive guru, but I have done a little bit of 'basic' work on cars...did a lot of work on a 69 Mach 1, tore apart a few engines, put 1 back together, took out and replaced transmission/clutch on a 91 Escort...I've never done any wiring, electrical, AC/heat, or steering work -- but I'm assuming with the right schematics and some research this isn't too difficult, right? Plus, with no EFI, that shouldn't be TOO horrible...If I'm wrong please let me know ahead of time! I just wanted to get opinions from people who actually work on fox's and know the ins and outs. If this won't be too incredibly complex, I would love to use it as a learning tool, as I will be going to UTI in about a year and a half. If this is as good of a deal as it appears to be, I want to go grab it before someone else ******es it up! That's happened TOO many times to me in the past 6 months. Thanks for your time and knowledge!!

Hi, thanks for the reply. I'd thought about that also...I just don't have room for a donor car. :/ How much would I be required to get from a junkyard vs. buying from a parts source and knowing exactly what I'm getting? The car is totally complete except for what I listed...interior is great, everything's there...just needs the engine bay taken care of, heat/ac, steering, gauges, and wiring...I could probably get all of that from a few cars couldn't I? (not the engine/transmission...I'll be rebuilding an engine/trans that I already have set up) I know I probably sound naive, but hey -- that's what I'm here for. I know the wiring will be a pain...not looking forward to that. But I have a lot of time on my hands...I work Mon-Fri until 5 and then I have every evening and all day on the weekends, and I'm VERY motivated and ambitious to do this...I've been dying to build up a car ever since I had to get rid of my Mach in mid-restoration due to financial issues, and that was about 4 years ago...so I'm DYING to get my hands dirty. I need something to take up my time and keep me busy, so I think this would be a good candidate -- unless it's going to near impossible to find the parts I need. Are there tons of little parts associated with the heat/ac, gauges, etc that will be hard to aquire? Once again...trying not to sound TOO naive/ignorant. lol Thanks again.
Sean