That is a smokin' deal. I disagree about building your own frame, especially if you have never done it and have limited or no welding skills/equipment. The worst thing to come out of the rat rod craze is that every guy who has a set of Craftsman sockets now thinks he can build a car, and we all have seen some examples that are so scarey you wouldn't drive them across the parking lot, let alone down a road with your family and other families in harms way.
Freddy, the very first thing you have to do is be TOTALLY honest with yourself about your skills and what equipment you own. I am not trying to be the wet blanket here, just the voice of someone who has played with these things for over 50 years. In that time I have seen so many people start out with all this excitement in their eyes and two years later they are advertising the project on Craigslist and nobody is biting because the work is so badly done. Please don't take that personally, it is just a general statement and intended to keep you from becoming disillusioned and discouraged in the middle of the project. Any of us who have done more than one project will tell you we ALL bog down in the middle of the build and sometimes can't even stand to go out into the garage one more time. It takes a lot of time, money, and skill to turn out a safe, nice hot rod.
I always suggest that someone who has never built a car from chalk marks on the garage floor buy a finished or almost finished car the first time around. You will buy it for about half of what it would take to build a comparable car (none of us get all the money out of a car that we put into it) and with some changes you can make it your own. You will learn a lot along the way, make some mistakes, but generally be on the road a lot faster than if you build your own. It is not unusual to take 3, 4, 5, 6, or more years to build a car and you could be driving one you buy during that time, then go on to build one as you gain experience.
Finally, not everyone is a T bucket or roadster type person. We are a special breed, maybe crazy in some respects.
We don't mind driving in blinding rainstorms with no top, being hit in the head with Junebugs the size of 747's, and generally driving a Harley with 4 wheels. Just like not everyone is a motorcyclist, not everyone will enjoy a roadster. But for those of us who love them there is no greater thrill than firing up the motor, feeling the cam make the car shake under us, being out in the open with all the great smells and sights, and generally reliving our youth, except this time we have a few bucks to do it right.
Hope I haven't discouraged you, that is not my intention. I just want you to have all the facts going in.
Don