For 2K, that's a no brainer. Buy it and sit on it. At that price you will NEVER loose a single dime and you might never be presented with the same opportunity again.
If the body/interior aren't in bad shape and has some good character and patina to it, you could probably do a power train upgrade and everything to make it a safe, reliable daily driver for probably around $10-15K, or less if you can do a
lot of the work yourself.
Something to think about. Years ago when I was in high school, I was in a vocational auto mechanics class. We always needed cars to work on for experience and a lot of the teachers would have us work on the car and it basically just cost them the money for parts. You might want to see if a program like that exists at the high school or junior college level anywhere near where you live.
Since you've got a few years till it becomes a retirement project, you can always start buying the parts now and amassing them. That way, it won't take such a big bite financially all at once.