Eddie. I will make a little profit whenever I sell it, probably 3 $ per hour. The things you have to replace are what gets you. For instance the battery/toolbox cover for the leftside was 90$ and the one for the right side was 125$.
The grill screen was 94$. I probably have 6 hours just straightening the hood, and maybe 10 Hours working on the nose piece. Some people are faster on the sheetmetal work than I am and it doesn't bother me. Taking the wheels off to paint the tractor and then painting and putting them back on is a job by yourself especially since these were loaded.
I love messing with these old tractors, and if you find one at a bargain that doesn't need many parts bought you can make a few bucks at it, but I doubt anyone could earn a living at it.
Soundguy does a lot of Fords and knows them inside out, so He could probably make $ at them, where-as Scott in Vermont does some Farmalls, but the level of detail he goes to isn't giong to make a profit.
Fixing up an old tractor is something you and Padon could do together that is a great experience for both of you. Give it a try.
I just like messing with old tractors. Later, nat