Dubbs... Strongly recommend a re-read of the all the replies.
1) What Mustang is it? Convertible, fastback, coupe, highly optioned, GT, Mach 1 or GT500? If it's a rare version then that would warrant a visit to a reputable shop, but that will also involve a larger budget.
1969 mach 1 original s code with a 390 and c6 trans and 9" ford rearend. Somewhat rare, more rare than the 428 options
3) What's your time frame? Six months, a year, two years, or?
No time frame. I was going to get it started over spring break which is 6 weeks from now. Having the summer off I can do a good amount of the work. No real room to fix it at the current house...unless we buy this house
4) Finding a shop that actually has an open spot on their calendar to take on what you describe... man you're going to be waiting a long time to get in and lucky if that $60K budget covers it.
5) Current condition of car? Have you checked it over for rust issues? What is it going to take to get the car drivable now? Does it start/run/move under it's own power? Have you done a compression test?
Needs paint and some minor body. Lucky it sat in a garage for 16 years before I got in 1996. Does not start. Last time started was 8 years ago or more. Steering box needs replaced or rebuilt and engine a tune after dad I rebuilt it in 2000 adding headers, aluminum bigger heads, new cam, lifters, intake. Interior original. Probably need new rear axles too. be nice to upgrade to rear disc breaks.
6) Were you thinking about doing any of the work yourself? That is, pull / disassemble and then reassemble that 390 after you take it to the machine shop? For example, machine shop rates are $150.00/hr+ for just the machine work, more if they do the complete rebuild.
Not knowing it would cost yet to complete I'm open either way. I'm able to do work at my parents house with tools there. Not a noob in working on cars especially this car. Swapping in a 5 speed isnt hard actually since a TKX fits in stock spot. We have a engine hoist, engine stand. Be nice to raise car up a few feet to make doing a trans swap easier
7) As Mike95060 said: "Dubbs, just make it drivable and safe. Kids don't care about horse power or paint finish. Go for sunday drives and enjoy using it as much as you can. It will always be possible to make it fancy when you have less to do. As an adult with many competing priorities, it's ok to farm out work you don't have time for."
8) And I would add: "Make it a driver, enjoy it, and do those upgrades as funds become available".
I can get it it to drive thats fine, that doesn't eliminate the work I know that needs to be done. the steering box is toast and I dont think I can get the box out with headers. I might be able to remove the booster and master cyclinder, I'll have to look. It floated like crazy last time i drove it, the steering was so loose.
Hope that helps.