Well they don't come around every day, but deals are out their now and then, especially if you have more time than money. Or he could do something like this...
Toyota Land Cruiser Engine 1971
But sounds like he has his heart set on a v8, so it doesn't really matter.
Here is a fj60 that might sell cheap...
1984 Toyota Land Cruiser 4 Door 4x4 Wagon with Roof Rack
you forgot that I gave away the motor from my 71? sure deals come along, but stopping progress to wait for a deal is the number one reason why people sell their incomplete project. How long before I gave away my motor did someone else do so in the PNW? As for that motor, how is that better then where he's at now?
As for insurance tows. There was a company in Portland - Fast Eddies Towing - who used to rent from my dad. I bought cars from them on a daily basis, so I know a bit about this. I've done hundreds if not a few thousand insurance-tow-purchases-for-flips and I can assure you that they are never a great deal. Insurance is generally the first thing someone buys after the basics (food, shelter), and the last to go before. People who get their cars towed (and lost) for no insurance don't do maintenance, most likely took the best parts when they were allowed to remove their goods. And (here's the best part) in Portland and its suburbans, the cops have first dibs on anything that is seized. They are required to pay the tow bill, but they also have auctions of the seizure cars. Had this been a police auction, I'd concede the point. Of course, if it's something that can be flipped, there are people (like I did), who have a good relationship with the tow-company, who get the next dibs on anything of value (including the tow-truck drivers). Thus, the car you're looking at was rejected by the cops and the flippers. If a tow company is selling it at auction, it's crap. Granted I did make money flipping those cars, but it was at the expense of a lot of labor (and I was in the second group).
That Toyota would have no useable parts...