Finding the right project

I have been looking for a project over which to "bond" with my father-in-law recently. He expressed great interest in restoring/rebuilding a car. We came across this 1960 BMW 700 Sport for sale locally on craigslist and chose it due to its uniqueness, rarity and the fact that it uses a BMW motorcycle engine. I have worked as a BMW motorcycle mechanic for two different shops and felt very comfortable taking on this car based on its simplicity and my familiarity with the engine. It is currently not running and according to the previous owner has been sitting in storage for close to ten years. Our intent is to do a full "rotisserie restoration" to the body and to rebuild the original engine with a little more power as this car was quite slow from the factory. It is approximately 1400 pounds with a rating of 40 bhp. We will be keeping it as close to original configuration as possible while not overlooking some modern technologies that can increase performance, safety and reliability. Stay tuned for regular updates.............