+1. I got my second one for about $11k, and probably put close that much into it (with still a little more to do before it's in tip-top shape). I wasn't able to do the big jobs myself, so you may be able to shave a bit off of your restoration costs – but don't count on saving too much.
Was it worth it? Sure... I wanted a fixer so I could learn a bit more about the car, and I drive it nearly daily now. But if I had to do it again, I would have just ponied up a few extra grand and bought a better example.