The only thing about using someones bike as a project bike is that there will be a lot of "out of class" time put into it if you go the whole full rebuild way...i.e you may show how to spray 1 panel but there is the rest of the bike to do as well.
Hence you get someone to put up the cash to buy a shitter and parts. when the bike sell the person gets back the money they put up plus maybe a bit of cash adn the rest is split between those doing the work.
i.e 3 main mechanics (should be able to do a bit of everything but have thier specialities namly cosmetic, mechanical and electrical.)
donor bike $1000 - $1500
parts -$500
Sell value $4000 - $5500
Giving of your time is fine but the bike will need like 30-40 hours put into it to make it really mean.
Just a thought mind you
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