I appreciate the sage advice. I agree with you on several points. That said, I’m not without skills. I have built several motorcycles and restored an MGB, but this is by far the most ambitious project to date.I do enjoy a build and think I could bring it completion. In retrospect, agreed I probably would have been money ahead just spending the extra and trying to find a more solid vehicle.@steveola ,
As you are asking for advise,
If you had to chalk it up at live and learn the purchase you have just made I would like to prevent for you the following step you are about to take.
If you think or have the stubborn illusion that by piecing together a FJ40 with Alu tub etc in order to save money that would be a second boo boo that you would be about to commit.
Or you really have to like to do the resto etc that would be another thing, consider then if you really have all the skills to bring it to the finish, because stopping half way and trying to abandon the ship by selling it of half finished and getting your money back that way would be the third boo boo, but with buying a new tub and going to do a frame off it would be better to stop here !!
Looking for a 40 that's ready and sound, yes check it out (not unseen like you bought the first one) or see if experienced local mud members can help you with finding a good one.
That will save you a lot of money, time and aggravation. Again if you like to build it and spend a sxxt load of money more then buying a good sound and drivable 40 go ahead.
Don't be blinded by the high prices the 40's go for right now, you will be there soon and much more !