Can't answer any of your questions yet as I too just arrived to this forum and Alfa's in general, but what a way to get started!
Good luck!
Good luck!
With Alfas of this era, the mechanics are the least of your worries. Mechanicals are relatively cheap and simple to work on. Your biggest three problems will likely be 1) Rust, 2) Rust, 3) Rust. I suggest you check out the "Alfararri" build on the "homebuild by jeff" youtube channel to give an idea of what you could be in for on the bodywork front. It's possible that this one is solid, but you'll need a very thorough going over. Hopefully, that underhood rust is an anomaly from a previous engine fire and the car was garage kept until your friend acquired it, but if you see any other rust (especially in the rocker area), there is a lot more under the surface. The good news is that all the parts and body panels are fairly readily available- you won't have to fabricate from scratch.That does appear to be a bit of a project. Do you have a garage to store it in when you work on it? I wouldn't worry too much about the top and windshield until you assess it mechanically. Was there a fire under the hood, or is that all just rust?
If that car has lived outdoors under a blue tarp then it probably has some rust. Lift the carpets and check the floorpans. Check the spare tire well. Look carefully at the rocker areas for signs of bubbling. I'm not trying to sound pessimistic - I own a roundtail myself and they are wonderful cars - but rust is likely in a car with this history.I have not gone over the car for more than a few minutes but it does seem generally solid. No rust in fender areas or in the trunk and rear suspension areas that are suspect on other cars of similar vintage.
I'm skeptical about the underhood fire theory. The pattern of the paint damage on the exterior of the hood doesn't match the area of rust on its underside. I think the exterior paint has just been baked by the sun, and that the underhood rust was caused by water thrown by the fan, perhaps aggravated by a leaking water pump. The brown stuff on top of the engine looks more like a rat or mouse nest than fire debris.I was pondering why then hood was in such bad shape in comparison to what else I saw so an engine Fire is a possibility.
Being a 69 Spider, it is worth saving, but unless the OP is a professional restorer, they will be massively upside down on this project. They might put in $10,000 in time and effort, and still not realize any value for that. The OP should check with a professional like Rich at BradCo about the amount of work involved here before they jump in.There have been comments about many projects that warrant.. "I wouldn't buy the car if it was free!" .. There is a lot of truth to that.